That looks different for every person but ultimately it comes down to taking the first step into the unknown (which is a little unnerving) but once you do it starts to feel more comfortable with time.  

I recently signed up for a Ultimate self directed IRA and LLC with Broad Financial.

While the above-referenced items identify what is customarily required by Servicer to support a Loan Assumption request, Seller and Buyer acknowledge and agree that the terms, provisions and conditions of the documents governing the loan(s) to be assumed will ultimately control, including, without limitation, transfer fees and costs, release language, legal opinions and the documentation required to evidence the Loan Assumption.

. - No, we always require at least 15% of the purchase price from the borrower.We do require an appraisal and base the loan off of this independent analysis.LTC is a ratio of the money the borrower puts into the total project vs the lender. 90% means the lender ultimately lended 90% of the total project at funding and the borrower had to bring 10%. 

(I opened the Florida markets and ultimately was responsible to buy/rehab/lease/manage over 12000 single family homes which we bought 1 at a time from Q2 2012 to Q4 2014)  Lucky me, I can say I have signed more individual closing packages than anyone in Florida history... that and $5 still only buys me a cup of coffee at StarBucks!

I have enough for personal survival, but $10k per place seems high.

Specifically regarding the Cleveland market which several people have been discussing take a look at The Ultimate Guide to Grading Cleveland Neighborhoods.

Exception: if it is a type of improvement that can be segregated and can qualify to be depreciated over a shorter asset life category, then you can depreciate it over that shorter life.2) No depreciable life is fixed by whatever category of asset you ultimately utilize.3) No the 27.5 life category is a straight line calculation.

I'm a local business owner here and always have been interested in commercial real estate (shopping/strip center or individual shops) I'm in the automotive industry so my ultimate goal would be to buy and rent warehouses/auto shops. 

BP is the ultimate real estate investing site around!