In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

You either need to be a first time buyer, or both have a special program that is income-based (called HomeReady and Home Possible respectively) that have income caps based on your geographical area.

B/C of what I do I mostly only talk to buyers, not renters, but it's hard to imagine higher income renters will not be asking themselves the same question.One person I respect started calling it the "Great Migration" months ago.In terms of "where?"

Additionally, I'm interested in providing respectable and sustainable housing for our community.

With respect to investing in your own backyard - I would say it is a good idea. 

Very respectfully,Jevon

With respect to their lawyer, he did give me time to approve lease, but they did not provide the full lease during that time frame and it just fell to the wayside. 

That it’s hard work and no shortcuts to earn respect, and eventually leadership.

If you do this you will establish a basis for continued respect toward each other and only strengthen your ties and your business for yourselves and your partners.

With respect to long distance landlording, you're right, and I've had both good and bad luck, and as long as I'm living here, would only consider areas where we have family nearby to keep an eye on things.