I understand that the market is rough right now and I need to be patient, but I'm struggling with that.I'm looking at this location purely for convenience sake to my place of work.

If they became defensive instead, just apologize (maybe look a little confused), and say with a casual tone that the sooner you can see the inside (purely for the purposes of seeing what condition it's in and taking some photos to show your "partner," whether they actually exist or not) and you just thought it made sense to get it out of the way.

I haven't submitted an offer or had an inspection yet, but based purely on these numbers it seems to make sense.  

NOw those are great rentals.. you can hardly hurt them and to do a turn over cost very little.. one bathroom one kitchen.. little square box.they have zero curb appeal .. but as a pure rental.. when you look at some of the other ones i looked at  bigger houses big sq footages those are going to lose money over time in the rental game. 

There are different ways to structure such a self directed IRA -either managed by a trust company as custodian or having the IRA own a LLC that you can manage with "checkbook control", but in either case all investments are purely for the benefit of growing the IRA and your role can be administrative in nature only.  

@Brianna Schmidt No interest, pure equity split.

If you are buying this property purely as an investor for cash flow, then I doubt any personal letters will make an impact.

I was only half-kidding, but my point was that searching for properties based purely on cap rate is rather nonsensical in my opinion. 

This will be purely for collecting data, you don't have to actually open your condos for open house.2.

It violates pure landlord/tenant boundaries and leads tenants to behaviors you don’t want