Your IRA will be taxed as ordinary income. 4) investing in a self directed IRA or 401k adds complexity and red tape.

Thats a heck of a lot of cd's and tapes or whatever it is he sells.

All of this red tape is intended to make your investors fully aware of the risk.

Sometimes it is not a bad deal but most time the red tape is hard to get around.  

(My focus will be private notes, not bank tapes).

You have the advantage of being able to educate yourself while you work using quality podcasts and books on tape, and I think you should take advantage of those.

I like the list you got from @J Scott (and follow up by @Will Barnard ).Adding to JScott's very good advice about getting a copy of any perc test results (if the property is NOT on public water and sewer) is to take notice of whether the lot is perc'd for a conventional, gravity system or an alternative septic system.I don't know about Maryland, but here in Virginia many counties are strongly discouraging alternative systems by adding costs, red tape, regulations etc. when using them.

How many days a week they are doing service and how many times a day service runs will determine revenue along with if they have technology to sell tapes, videos, books etc.If this church tenant makes up the only building then parking is not a big of an issue but if you have other tenants it can be a major problem.Lenders and a lot of landlords do not like churches because of traffic issues with other tenants and also if they stop paying the churches can get political and cause a public uproar.

Just asphalt shingles, add if you need some wood work.

I have been getting tapes from sources I have never heard of, nor know. For a period of time I looked them over and deleted the file and emails.  Until one came across that looked familiar, which after researching fou...