Expenses like maintenance, repair reserves, advertising, ect should be fairly standard regardless of the area, but taxs are way to variable to fit into the formula

To answer the question from phcapital, yes, you do get tax benefits of depreciation with a TIC as well as regular income distributions from rents.As stated earlier, they are ideal for someone who wants to have ownership of larger scale retail centers or office buildings they otherwise would not have access to with the amount of capital you have to invest.The only tricky part about them is the exit, which was also stated earlier.

He shops at Walmart and otherwise fits in with the people.

Once you have a LOC you will find that they are very dependable when you have a deal that fits their criteria.

Ideally I would like to begin picking up multi-family units.

Or, are there any other options that fit my needs that I should look into?

That's your UBIT.Then, in a fit of "except - except", items that are otherwise exempt become taxable if they result from debt financing.None of that is to say you shouldn't own property in your IRA, or get a non-recourse loan to do it.

I don't mind getting tough with other businesspeople.Anyways I'd love to hear any thoughts as to what type of REI investing might fit best with my lifestyle, time constraints, experience and financial situation.

Ideal price point between $40-$60k.Had to fill 3 vacancies so far this year so landlording certainly keeps me busy.

A SFR would be the ideal start point, or if you're feeling really really brave and want pop the clutch on REI.