Generally speaking, your NOI will depend on many things, like number of units, whether you absorb utilities or tenants pay for them, etc.

You definitely have options with 20k to invest in the city, you're best bet is speak to with a few mortgage brokers first to get pre approved.

I am guessing you haven't closed yet, and you would be entitled to your earnest money deposit back. 

I have PMs for my current properties so they are generally pretty passive already, but the DSTs would be totally passive, for better or for worse.The outfit I have been speaking with represents that they do greatly enhanced due diligence (e.g., multiple site visits on an anonymous basis), apply analytical stress testing to pro forma financials and avoid certain categories of properties altogether (Senior Housing, Oil & Gas, etc) to ensure that all underlying properties held by the respective DSTs are prudent investments for folks who are not experts in making risk assessments for these larger operations. 

Living in Canada, I can only look online and perhaps speak to some commercial brokers.

While it is possible to find a decent contractor through these sites, the professional, quality driven contractor will have a strong, local network of satisfied clients and fellow tradesmen to funnel work their way.I've found that many of the individuals relying on HomeAdvisor leads are doing so because their work doesn't speak for itself or their clients have not been telling everyone they know about how well their awesome new renovation turned out.

LTV will be a bit lower than you may get in a personally guaranteed loan, so be sure to speak with some lenders like North American Savings Bank or First Western Federal Savings early in your strategy planning.The IRA can then use that new liquidity to make other investments such as purchasing another property, being a hard money lender, etc.The use of debt-financing within an IRA does expose the IRA to taxation on Unrelated Debt-Financed Income (UDFI). 

@Jason LeeI share your views about our stage in the cycle, so to speak.

I'm typically an introvert who doesn't like putting myself in the spotlight, but I've had an opportunity to practice speaking.

@Travis CawthorneThese are all good questions to ask your CPA.Regarding the BRRRR method - you are ultimately renting it out so it is a "buy and hold" investment.You will be entitled to customary deductions that buy and hold investors are entitled to - depreciation, mortgage interest, real estate taxes, insurance, etcRegarding how much you have to set aside is how much money you earn through the rental, your tax rates and if your other sources of income withhold enough.