Step #1 if you found it on craigslist would be to verify you are talking with the actual owner of the property (and the person who has legal authority to execute docs). 

Just not convinced they will be able to execute. 

Howard County next door is about 1.4%.

The contribution portion of your IRA quickly becomes the smaller part of your retirement nest-egg.The founder of Paypal, Peter Thiel, used his Roth IRA to execute on his Paypal options, made tons tax free, then used those gains to invest in Facebook.  

They all said it was hard for them to understand how when they would give the players what THEY DEEMED a simple set of instructions, the players couldn't execute.

Really hoping not to get booed off stage…My experience to date at acquiring large multifamily properties, raising private equity, executing asset management strategies, then exiting the deals as expected, has been better than I could have hoped.The challenge with every one of those deals is that they were short 12 - 24 month deals, a model I’m changing moving forward.

You need to make sure that the construction company has skin in the game, have them put up a share of the equity, have the company make NO overhear profit until you do, or nail them down for a fixed cost.IF you are sure this will make money and you can pay off the credit card interest, do it, but I have been presented deals where they are only offing to do the work at a slight discount and if something goes wrong it is all on me...I did not execute that contract.

2 yrs out from this post and hindsight being 20/20, I have learned so much and still executing.

On our JVs we execute a JV agreement, which is essentially a partnership agreement, and create a Personal Property Trust with my entity and the partners entity as the beneficiaries of the trust.

Great job @Chris Schoonhoven way to execute your plan effectively!