my total bills are around $800 a month ($400 for rent plus utilities, $100 for phone/internet, $150 for health/car insurance, and $150 in student loans), i have about $1200 net income per month, i have no credit card debt, and a paid off vehicle.

The building will be on a very busy artery of the city, with about 60-70,000 vehicles driving through it per day.

Seems like either the vehicle wasn't registered or Ike didn't claim it was his.

It doesn't talk about whether another investment might be better, whether outperforming the discount rate might be substantially easier with a different investment vehicle or if/how the risk of the investment will impact the actual returns.

There are several major advantages of using this investment vehicle, you can check my other posts to learn more but here are just a few:Checkbook control - you don't have to deal with a custodian when making investments or paying expenses, simply write the check.If you use leverage when buying investment property by using Solo 401k you will avoid paying UBIT.Access to your retirement funds even before you retire via loan feature.Keep learning and educating yourself!

I've been thinking about enrolling in an education package on real  estate which brings me to the Catch 22 scenario-- not having enough cash/cash flow to invest in an education to start with-- but knowing that real estate might be a vehicle for me to start earning a second stream of income.

The vehicle you use is going to be dependent on where you want to go and how fast you want to get there. 

That I know of no one can go without eating, without buying gas to go to work on a project, without paying insurance on a vehicle they will use and they cannot work without tools.All expenses and items needed have to be itemized and agreed to before you make a commitment to a project with any partner.

Tools, Vehicles, Insurance etc....Your going to carry all that overhead for a couple jobs?

I invest in Indianapolis in several investment vehicles and am curious.