This looks like a great deal, my only questions would be:1) Are you self-managing the property?

With that being said, I have a good amount of money in my savings account and I want to open an IRA account (Roth or Self Directed) so I can invest in mutual funds and stocks etc.

Hi, I am a 25 year old and have a good amount of money in my savings account and I want to open an IRA account (Roth or Self Directed) so I can invest in mutual funds and stocks etc.

Even if you are self-managing, I think it's an important cost to account for in case you decide you don't want to self-manage.

Here's where a good knowledge of self-directed retirement funds comes in lotsa handy.

I have an opportunity to purchase a class A self storage facility in the Midwest that's 85% occupied for $11,200/unit. 20% of the units are climate controlled.

Almost all real estate agents are self employed and get paid 100% on commission.

However, after 2-3 months of researching/self-educating, an opportunity presented itself in that a friend from the gym bought a new house, but it was contingent on them selling their current.

I'm a huge fan of DSCR loans because they allow real estate investors not to be constrained by a debt to income ratio, which is a challenging calculation for self-employed folks, particularly real estate investors who tend to have a significant portion of their net worth 'off balance sheet' in their real estate.

@Anna NguyenDid you invest with self-directed IRA or self-directed Solo 401k?