Often a Self Directed IRA (SDIRA) is presented as a better retirement and/or investing vehicle, especially for its ability to invest in real estate.

Have you ever done any international deals via REITs or other vehicles?

I paid close to asking price, but it was the perfect property for us and we were tired of looking at the same old same basic ranch homes in fair neighborhoods.

Getting a second job is a good place to start but you will likely get tired of it quickly.The shared economy can be good but I think you’d be better off getting a deivery job like for pizzas

We simply got tired of arranging for inspections, then replacing perfectly good handrails because they weren't the proper height, and so on, and so on. 

After Dad died, Mom ended up losing it to the bank.Looking back after that happened, I began to consider real estate as a vehicle to financial independence.

. - I wanted to be able to pre-screen some of the "tire-Kickers" and create a bit of a funnel for the most motivated sellers who would obviously listen to the message and decide to leave their info. - Even though it goes straight to voicemail, Godaddy still captures the number that calls and I can further market to them if they dont leave a voicemail.

Additionally, I will add:-I don't think 38% expense ratio is being conservative, being at 50% is conservative and some buildings exceed this-bank won't even lend on a deal with a DSCR that low, you need to underwrite to at least a 1.25 or the deal won't get done-figure out what financing vehicle you're using, agency debt (Freddie) is possible at a lower LTV and interest rate but comes with requirements, community bank is tougher to get 30 year am on-I see nothing about exit assumptions, you might have to refi/sell after 5 years with higher interest rates and a softer market...then what?

Have you tired to contact your tenant to see if they paid rent to the PM?

They have no state income tax and their fees for vehicles as well as auto insurance and health insurance are extremely low.To qualify as a resident of South Dakota, one needs to go to the state, stay in a motel one night and go to the Department of Motor Vehicles the next morning.