Given this tenant is way under market, has no SD, and probably was not screened much, I would recommend you start your business ventures in RE by setting up your own lease and policies and rolling it out with tenants you yourself have vetted. 

Second, SD has a whole does have low inventory, and a high demand.

Regarding SD IRA - consider Checkbook IRA, with this structure you are in control of your retirement moneys and don't have to go to the custodian to approve every transaction plus investment and transactions fees are eliminated.

One of my partners is trying to get rid of this piece of real estate he has in the state of South Dakota.

But I do know that there are definitely some states that are harder to get funding in like North Dakota, South Dakota and Maine. 

One tenant paid SD and I awaited 2 months but they did not get their Sec8 documents and backed out and wanted SD back. 

An Emotional Support Animal might have a cute little vest that says Emotional Support Animal, but that doesn't mean it has any special training.Think of a true ESA or SD like a wheelchair.

If there is damage take it from the SD.

@Twana Rasoul are there any A level duplex properties in SD that you see in this range?

I moved to SD a year ago.