It's not worth it if the local ordinances don't support your plan. 

It is currently rented, and we are bullish on the building and plan to keep the unit in our portfolio.

I am in contract on a duplex in Grandview where I plan to live in one side and rent out the other.  

Plus I don't want to be in the electrical selling business, that includes no hookups to recharge electric cars.All I want to do is provide housing and collect the rent.

I would just make sure to call the city and let them know your plans in full detail to make sure that you can do it.  

We both run our own businesses but we feel that real estate will help make sure we both maintain our life plans of not needed to work as much any more.

I'm sure there's other stuff you'll want to factor in - what businesses are moving to and from each areas. 

Quote from @Robert B Azimi: A restaurant that’s doing great business feels he shouldn’t pay the rent on time for the last 4 months every month we had to post 3 day notice to pay  rent or quit on his front door for him to deign to pay his rent What legal action we could take to make him understand he is not the landlord we are he must pay his rent on time?

Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.  

Discuss plan with Planning Zoning group.3.