The precon apartments interest me.Thanks!

I have a young married couple who is looking to get their first apartment together to move out of their parents house.

This was in a middle class neighborhood and I get why that is less risk however with apartments increasingly including laundry, I would imagine demand lessening in that location. 

Last quarter the vacancy rate for apartments was below 3%.

Actually the IRS does not tell us what we can invest in, only what is disallowed (life insurance contracts and collectibles).Allowable investments for SDIRA investing include the following:Residential real estate, including: apartments, single family homes, and duplexesCommercial real estate Undeveloped or raw landREITs (Real Estate Investment Trusts)Real estate notes (mortgages and deeds of trusts)Promissory notes Private limited partnerships, limited liability companies, and C corporationsTax lien certificatesOil and gas investmentsPrivate stock offerings, private placementsJudgments/structured settlementsGold bullion Factoring investments

For intance I dont or didnt at the time own any MF I had a client contact me and I ended up brokering him a 100 unit apartment in Portland ..

You'll be in the middle of the overall upper east side apartment market. 1 or 2 beds 1 or 2 baths in a nice and safe building.

Yes, you bought what seems like a good deal on paper, but in reality, you own an old apartment building in a neighborhood with poor security, possibly surrounded by long-vacant shops, streets piled with garbage, and a poorly managed community.

My apartments are in a lower income area, so I don't want it priced too high where it is going to scare them away from applying.

I have a opportunity to have a 1 AC lot ( Current price, $190K) in Houston area.