Quote from @Dallas Hoover: Want to acquire a self-car wash within Dallas Texas area. 

There are 39 states where no license is required to do business purpose, DSCR, P&L, SBA, commercial, self storage, etc type of loan products.

I have a self-direct IRA and could use some passive options.

I would be self managing the property because I know the area well, have local connections to help out if in a pickle, and could get there in a day drive if need be. 

Or maybe you finally want to purchase a multi-family complex / self-storage facility / car wash, etc.

They tend to all have good incomes, little to no credit, and are self employed with lots of family.

Hi @Ramsey Doumani,Your strategy is more than possible, self management with the team you already have in place should be a breeze.

There are a lot of ways to crash and burn, so increasing the odds of succeeding long term should be your highest priority. you can always sell your local assets once you're comfortable managing rentals and ready for a market that better-suits your criteria. btw, kudos for being self-aware of your limitations.

So, it's not like Scott had devised some extra default prone strategy to troll gullible fools, while making all his money teaching noobs to self-destruct.

Hi @Chris Garnes,I am an investor who has self-funded rehabs and also a licensed mortgage broker.