@jilliansidoti at Crowdfunding Lawyers is a great resource.Keep in mind, with units of that size, you are likely going to be self managing as it's probably too small for professional management.

"The Millionaire Real Estate Investor" does have a little bit of that self-help feel to it, but nonetheless a really good read with a detailed plan and strategy. 

Looks like a good deal, but I would negotiate it harder since you are putting so much of your personal time and self into the project.This is not legal advice, just my opinion as a real estate investor.

Has anyone experienced Self Directed lenders not providing financing on properties built before the 1940’s and not financing properties less then $75k?

I did the renovations my self after receiving a $30K non-itemized estimate from a contractor. 

They are probably pricing them self out of it because they really don't want to do it. 

I suppose if you just give a friendly wave as you come and go and otherwise avoid them maybe you could pull it off.I think self-managing for a while at least is good experience.I guess if you do hire a PM then the tenant may not find out you're the owner but the PM would also have to be aware and not tell.  

20 years ago, self-decommissioning was typical.

We do basically self insure for the a lot of the value of each property.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.