The seller was looking to liquidate after holding this townhouse for a long time and was tired of dealing with tenants at this stage of their investing.

If you have a good CMA, and the numbers make sense for you then the last question is whether you have the liquidity to cover the costs of a low appraisal and to what degree.

I will be the financial backer using my liquidity to secure financing on projects and my partner will be the boots on the ground/operations person.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Columbus.

Purchase price: $516,530

Cash invested: $130,000

German Village brick duplex

Today the median price in my favorite county(which is the fastest growing county in the state) is $379,900. 

for me i get up and work on what is going to be most profitable in my mind that day.. or when your doing what I am doing  building homes in 3 states and funding rehabs in 14 states.. you just react to e mails and crisis's as they arise every hour.. 

And of course on either IRA type you'll have the appraisal and fees to your SDIRA custodian to liquidate the account, do the in kind distribution, and record the new deed.

Is real estate your favorite type of investing?

Last summer I met a gentleman who told me he was worried about the RE market in Canada and US and so liquidated all of his US portfolio and most of his Canadian portfolio.

Excel isn't that hard, and it will/should become your favorite tool from this point forward.