The other thing to remember with 100yr old houses is that many times it needs more repairs than you are planning on.

Ideally, I'll try and line up multiple potential deals in Nashville, so If I fall out of one I'll have backups as SD closes. 

I seem to remember there being property tax benefits for veterans in San Diego as well but I think it might only be for wounded vets.

You also must remember that while in the beginning transaction might be structured in compliance with the rules there is always likelihood of it leading to prohibited transaction in the future because of disqualified person's involvement.Once you have your personal funds and IRA funds in the same deal you are now opening a Pandora's box and the burden falls on you as the tax payer to proof that there are no personal benefits from your use of the IRA funds, and IRA did not benefit from the use of your personal funds.

On those, @Brandon Turner usually mentions (for BRRRRs) that a desirable cash-on-cash ROI should be over 8% (ideally 12%), and that cash flow should be at least $100 per door.

If I remember correctly, the BP member also had a Property Manager (PM) in place.

I think the key is to remember just because something is sub 50k doesn’t mean it’ll rent for 600.  

I remember that when I bought it, it was 5%.

The most important thing to remember is that YOU are interviewing them, not the other way around like a typical "job".

Remember to stay flexible.