(Not picking on Quicken, that's just probably the most frequent/obvious example we see on these forums)My market might be a little unique since that whole "transfer after closing!"

Dan, the topic of using self-directed IRA to invest in real estate is a frequent discussion on this forum.

If it's an honest mistake I tend to agree with others, let that be a lesson for both you and the tenant - you to inspect the property more frequently, him to be more aware and observant as well as communicating to you on issues large and small and leave it to you to make the determination of the issue needs immediate attention.

Not opposed to flips but would need boots on the ground or to drive up frequently. 

Turnover and damage to units is much less though some do pass away more frequently but the buildings tend to have backup waiting lists.Some have pets but they tend to be older pets they have brought with them as they become less mobile.

My parents still live up there and we discuss investing in SFH's frequently (they seller financed a commercial property and still own a SFH as a rental).

Eccentrics who made their million and just come to Kauai to relax and get away.Everyone is pretty laid back and unassuming here, but your neighbor or person hanging out on the beach could be in the next Movie, Free Music festival, or own a billion dollar company that we frequently use the services or products of. 

Owning a management company we have to confront this issue pretty frequently.  

While we didn’t find the deal like we did with the house in the Poconos, we also don’t have to micromanage the property, pay for the utilities, or travel frequently to them to ensure that they are still standing.

Ask how many homes they manage, how many times a year they are physically in the house, can they visit more frequently if you ask, do the have in-house contractors or sub it out, how do they handle vacancy, and how do they handle evictions?