Did you join Capital Collective or Raise Masters?  

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

But IRS allows an IRA to be invested in anything except life insurance and collectibles.

If it would concentrate on rent collection only and do it well, it might be okay. 

After my P.M. costs I collect $940 or so/month. 

Every month, I collect a payment from Don, use a portion of his payment for my payment to Chase and keep the difference.

Originally posted by @Darius Ogloza:I knew a guy in Rochester who bragged about running a lease to own scam where he would collect option consideration from his "buyer," monthly lease payment for full rental value plus additional consideration representing the rent to own monthly payment. 

-Rent collection and financial management is probably not at the top of the list based on some of the challenges that we hear about, mainly because if you are lucky enough to have solid tenants and low vacancy, this is easy peasy, but if you have some challenging tenants that default on payments, or the possibility of an eviction arises, it can be worth paying a management company to help guide next steps. 

I have some clients who prefer to have a PM for maintenance/contact/rent collection/general management and will place tenants and write leases for themselves in exchange for a reduced rate.  

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.