I review all potential charges with my owners, and we only collect the commission percentage on late fees.

If this tenant doesn't move out, I risk postponing the close date, and losing money on the mortgage every month this situation drags on.

And some investors will be happy with that return on what is a relatively low risk SFR asset they can exit to retail buyers.If cash flow is the most important thing to you, then you may want to focus on things you can purchase all cash.

You minimize your risk of being over leveraged, and barely making ends meet with the rental income. 

[If that makes sense :)]@Trevor Lohman - Going this route does have a good amount of rewards but also in my opinion has a lot more risks and expenses.

This devaluation of currency has pushed many potential first-time homebuyers out of the market, leaving renting as their primary option.

Too many problems-risk, repairs, etc. 

Current revenue last 3 years (as worked part time) is 75-95k annual but is not near its potential of 150-185k annual. 

I am looking to purchase land and potentially rental property using a self directed IRA.

The cash flow usually disappears because of old buildings and cap ex, and tenants that are harder to manage.We're in a market that provides both, and there are a lot of markets in the country that can provide both.Good luck with the potential purchase.