I did live in an apartment complex once that instead of having the typical deposit had a non-refundable deposit bond. 

The 3 partners all work in the investment world (stocks/bonds).  

They then transfer the loan to Fannie or Freddie where it is bundled up with a bunch of other loans with similar credit/debt to income/loan to value characteristics and sold to institutional investors as a bond (mortgage backed securities). 

Water and sewer is expensive, but the rents factored in a bond payback which has since been satisfied... so again, very well.

On my referrals to my realtor partners, we're comin' in low, stealth and armed to the teeth and it works like a freakin charm!!

I am starting this thread to document my experience with a self-directed IRAI have an IRA that has been invested in stocks and bonds since I rolled an old 403(b) into this IRA about 10 years ago.

I sold my home several years back and am holding the mortgage secured bond for the ramainder.

Is there one book that teaches anyone how to analyze, buy and sell bonds?

There is a state cap of 1.7% for school taxes (though districts can vote for bonds that can raise the rate now) so he may have just seen the school rate.

Real estate is a tangible asset with more control over said asset when compared to stocks or bonds.2.