Ensuring a solid lease agreement and security deposit will help mitigate this.

Additionally, there’s always a risk that any pet-related damages could be hidden under furniture or otherwise concealed, potentially leaving us to cover the costs if the security deposit is fully depleted by other expenses (e.g., damages or unpaid rent).

This provides you with a safety net for any unexpected expenses during the rehab process while also potentially allowing you to secure higher leverage on the purchase price.

There is also an emotional side to owning a rental that landlords are subjected to.

I like to think of it like the BP Money Podcast thinks of it, find the best value but if something is emotionally affecting you, than target that and do what it takes to get that solved and then you don't have to worry about it when you go to sleep. 

The owner has agreed to give up this access if he can secure alternative access but has been running into issues with the City of Redding.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Look at the capital call the same way and take your emotions out of it. 

Another key benefit is diversification; an SDIRA allows you to include real estate in your portfolio, reducing risk by spreading your investments across different asset types, which isn’t possible with a standard IRA.Moreover, assets in an SDIRA often enjoy protection from creditors, adding a layer of security to your investments.

There is also the emotional aspect that makes us want to avoid certain things, like townies walking through just because they are nosey.