I closed one and have it performing (probably my best deal ever) and I am in escrow on a second one right now.Here are some of my observations.1.

Cant be more open than that (side note there was a lot of passive aggression in this thread thats not typical of the people in this community, just an observation)

That is very observant of you @Jay Helms, I like the phrase, as it's easy to band about and it's near and dear to my heart.

You had some very good observations. 

As someone who bought a property in my Roth IRA back in 2011, here are some of my cost/benefit observations:1) You need to run the numbers on taxes for both inside and outside the IRA before purchasing.

Or maybe it's just the current market with low supply as observed it SF.Furthermore, I want to get in touch with local investors, real estate agents and whole sellers to be able to possibly find off-market deals.

Observe how long they are on the market and keep a record of it. 

Based on observations, this property might be a residence that is only occupied occasionally or only during a particular season.

There are legal concepts of "meeting of the minds" while contracts are written, there still needs to be enough trust that what is written will be observed or performed in good faith by others.

Here are my numbers at a glance for the 2 year mark...TOTAL NOTES: 251ISSUED & CURRENT: 175 (all $25 loans, A-G grade 6-28%)FULLY PAID (PAID OFF EARLY): 37 (my experience is this randomly happens, all grades will pay off loans unexpectedly. not a bad thing, just an observation)IN GRACE PERIOD (LATE ON CURRENT PAYMENT): 3 (ALL D GRADES, received payments equal to about half of original loan currently)LATE 16-30 DAYS: 0LATE 31-120 DAYS: 7 (D,E,F,G grade, 6/7 have paid about half, 1/7 is 2 months into loan(C grade))DEFAULT (IM PROBABLY ABOUT TO LOSE) : 1 (D grade)CHARGED OFF (I LOSE) : 28 (received between $2.50-9.50 out of my $25 before they charged off.