Maybe give him some visuals to show his boss if you haven't already.

Otherwise, the program doesn't change all that much and the functionality is just fine.

My good buddy @Russell Brazil has always said CAP rate is also a function of the risk you are willing to take which I would generally agree.

One thing to note is that CapEx prices are, generally, about the same for each house, regardless of how much rent is coming in (since CapEx is taken as a function of rental income).

(AA) "Associate broker" means an individual licensed as a real estate broker under this chapter who does not function as the principal broker or a management level licensee.

They're functional... they just aren't what I envisioned.

I'm looking for a self-directed IRA which will let me hold a variety of asset classes (I currently hold cash, a mortgage note, and real estate) and offer 401k-style loan functionality (perhaps through a third party). 

Why would you not make sure the fireplace is functional and safe?

Every partner deal I have done has come through real estate meetups because it is not often that you find like-minded people who understand RE, creativity, and investing without going to a function dedicated to gathering them together.

As functions in real estate become more automated, AND democratized, competition will continue to increase, arbitrage opportunities will shrink, and there will be less opportunities to generate "positive alpha", or above average returns.20 years from now, I can see the real estate market operating a lot more like the stock market does.Some examples of automation: Underwriting, Pricing, Lead Generation, Making Offers, just to name a few of hundreds, many of which I'm sure I am not even aware of.