Hopefully Indy can use some of the problems Baltimore has gone through with the program to make improvements to the system. 

Those are what will point the right direction for you.The way you protect yourself from a market downturn is to vet the market to make sure it is resistant (i.e. not single industry as Detroit was), vet the neighborhood (improving?

How much improvement are you planning to do to the lots?  

Thanks for the post.There's a couple of very funny dog videos on youtube: Loca the Pug.Look for "couldn't run" and "bounce." 

Over this, into 5 units and up, is where you head into commercial lending.Our family has occupied fixer houses and improved them while living in them, and then rented or sold the houses after a few years.  

We've even seen a .25-.375 improvement in MBS prices since close on Wednesday.But, I'd like to draw attention to the Fed's own projections for the median funds rate over the next 3 years. 

So, the tenants’ credit scores should be improving as they rent.

At that point, I will re-evaluate what I do with it (as one would do with any investment).2) I have no intention of building on or improving the land while the LLC is owned by the SDIRA.

The work doesn't have to be showroom perfect and I'm always amazed at the equity that can be created by making necessary improvements without paying retail.

There are videos on youtube of how to fix it and shouldn't cost more than couple hundred for plumber to fix.