You should also calculate how this investment will contribute to your net worth as your tenants pay down the loan principle!

Just a note to all that are contributing to this thread....a HUGE thank you. 

You mentioned demand is key, are there any other factors that will contribute to appreciation? 

If needed, in case SDIRA funds run out then I can contribute (upto $5500 /year) or move funds from my other retirement accounts into SDIRA right ?

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

@Henry Clark wow what an awesome contribution to this thread - thanks so much for sharing your thought process.

I have a respectable amount of capital to contribute to these efforts.

I am excited to join the community, learn, contribute, and network to create some win-win relationships in the future. 

I am excited to join the community, learn, contribute, and network to create some win-win relationships in the future. 

I want to connect with someone who has built apartments before because I've identified an opportunity but am in NO place to take advantage of it.I'm in the central midwest and can only contribute what I've stumbled upon.