Deals are made from opportunities. 

Once I got to that number I made the leap.

Also, you don’t mention the fact that landlords would “sell” to sham/shell buyers in order to dump tenants.

Now if interest rates climb to 8 to 9 % then a mortgage lender has a reason to call the loan in order to increase profits.

For illustration purposes, the windows are a 4 week lead time so you put the window order on your card and once they are installed, your lender releases the funds and you pay down the cards.I see too many “Gurus” teaching new investors how to use credit cards to cover down payments and they teach this because it creates the false perception that anyone can buy real estate with or without savings.

Trail each purchase w a 10% downside stop loss limit order if you're not confident in the REIT, then continue your research on private real estate, and when you have the capital/team in place/knowledge of the local real estate market put it to work then, no rush. 

What made you interested in investing in this type of deal?

In order to have a SDIRA, you must have a custodian of your funds. 

If you were paying attention the "FEDS" did not raise nor lower the interest rates which has made a positive impact in the industry for the time being.

So- in a highly desirable area, in order to get 10% over market averages, we would need to have high end finishes too, which in some cases can be $20-50K in improvements in order to gross another $2400 or so per year.