For some reason I got a notification in this old thread and figured I would chime in.

They reason why they would do this is to get $4 million, and they won't have to foreclose into a bad resale market. 

P.S; We live in Wilmington NC so both markets would be "long distance" P.S.P.S there are no reasonably priced multi family properties local to us.

Can you DIY projects and cost cuts? 

(aside from the 1 or 2 homes that have stunning overlook views).When building out your buy box, are you all using the averages, or are you basing your min/max on the cream of the crop listing revenues, even when there aren't clear reasons as to why they are performing so much better than others?

From my experience, mentorship can provide structure, accountability, and networking opportunities, but it often comes at a high cost.

I would encourage anybody with an SDIRA to consider switching over to a Checkbook IRA for some of the following reasons:1.

Note that legal and transfer costs are not deductible but can be added to your cost basis.

I know in Philadelphia if I had a 2 BR house it would be viewed favorably by tenants who are seeking 2 BR living situations because most inventory will be apartment style living and for this reason would achieve a rent premium.

Just don't combine old and class D unless you have a very good reason.