Attention new investors: As I’ve immersed myself in the BiggerPockets forums, I’ve observed an extreme emphasis placed on asset protection by those entering the business but their approach and where they decide to allocate their time and resources is misplaced.

I thought it was extremely useful.

Not saying roaches aren’t an issue because they are but I do feel like she’s being a bit extreme when she’s seeing maybe one roach every other day or so.  

I am wondering if it is a good idea to invest in one of these foreclosed homes or old single families. the prices there are actually extremely cheap compared to where I live in new jersey. my overall plan is to own multiple rental properties. 

I have contemplated doing a conversion like that with existing warehouse or office space but I am extremely new to commercial real estate investing and I think that is beyond what I'd like to tackle in the beginning.

That was extremely helpful bro.

In my particular case, I only had $50k in my SDIRA, and I found my options extremely limited.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

Can you afford to live in Hawaii and self-manage, or do you have to hire a property manager when the good ones are extremely difficult to find?

Those are the two extremes, obviously most businesses are somewhere in between.