I have equity in my primary residence and some non retirement savings (but hesitant to dip into that… ) Interested in hearing your responses!!

The key to investing is to have great partners - so if you decide to go with the self-directed IRA, whole life insurance or both - make sure that you have a partner who you know, like and trust that can give you expert advice. 

We'll have an expert on hand who operates nationwide and specializes in new STR setup & decorating.  

It was definitely his fault, but I have to own up that my due diligence was pretty non existent.I should have flown down and inspected the deal, and his other deals.

Get Expert Advice:Consult Professionals: If you’re unsure, getting advice from a mentor or real estate coach can be a game-changer.Hope these tips help!

Always open to connecting with experts, especially in Chicago, or even people starting their journey.  

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I feel like $315k might even be a high ARV (but I'm no expert here), and the market in Jax is decently soft right now.

@Matthew L HearnHi Matthew,The tenants are not in the way if they have a signed lease, and you do have to honor the lease once you take over the property.Once the tenant's lease expires, you can always send a letter of non renewal so that they will vacate the unit once the lease expires.Make sure you read the leases carefully and the expiration dateGino

The terms will be fair, but also terrifying for non-performance.