My wife and I choose to avoid it when buying our rentals.

For planning, i've found the following to be decent planning factors:  10% property management fees, 10% potential repair and maintenance expenses, plus any excise taxes your area imposes and condo/association fees. 

Definitely want to avoid areas with vacant boarded up homes, cars parked on the yard, unkept lawns, etc. 

I am new to tax deeds and trying to get some education about it.

I can come up with 10k cash (willing to pull from my after-tax contributions to my Roth IRA) and I can take about another $50K from a backdoor IRA rollover from my prior employer's 401(k), but I'd rather not do that.

I'm a put your paycheck in the bank guy, not a collect rent, cover the overhead, and pay the taxes type of guy.

I am looking to purchase a tax deed property with my SDIRA LLC.

They also provide tax services which I do not use, too expensive, and help you establish lines of credit for your business.

Doing HML inside of a retirement vehicle is a great way to grow your funds tax deferred. 

Nice thing is the tax deduction for driving jobs nearly covers the revenue, so you won't pay much in taxes on it.