If your return on cost and payback period for the mini split investment is attractive then yes, it could be worthwhile.   

From what ive learned, its not a great idea or a good return on investment to put granite in average income or blue collar neighborhoods (which is where my property is located).

@Brian Holt if you have owned the existing rentals for the last few years then tax returns will tell most of the story.

If they don't sign and return the new contract, begin the eviction process and get a new tenant with the rent you want.The tenant is not in control here, you as the owner have control.

If your able to get in and out very quick with a good return then maybe it makes sense.

Post rehab, we are thinking would be at a good value, giving us the option of BRRR or....as my taxt acct recommended, return the $ to the 401(k) to avoid paying the fees.Being our first investment, We are both, nervous and excited, but convinced that We want to invest in RE.

Perhaps you can send him an email that simply states that if he does not return your keys, you will have no choice but to file a police report in two days, which would be a hassle for both of you.

That does not mean they are not out there on the west cIast it’s just going to be a much different return on investment compared to say the Midwest and the appreciatIon factor wIll be hIgher In hot markets .

Forbes has a habit of putting something like this out every few years.The "bad" thing about investing your IRA in real estate is that the main Wall Street players do not have control over your funds and the means to earn commissions selling financial instruments.His arguments are entirely tilted towards to negative and not providing any context or perspective.I could just as easily pick 3 or 4 historically bad stock investments (Enron) or high fee annuities, and make it sound like that was all that you could expect if you went to a conventional brokerage - which is clearly not the case.For someone who understands real estate as an asset class, there is the potential to have your IRA produce consistent returns and have true diversification away from the news-cycle volatility of conventional financial products.

If you can no longer get the returns that fit your criteria, then it would make sense to expand in to other markets.