James,I feel your pain!

Also, Each municipality has a designated " Administrative Agent " who acts as the overseer for compliance .

It has been obtaining a phone number which has been the biggest pain.

I send my probate letters to the PR and Administrator of the estate.

Otherwise you might keep a small amount for administration of the account.You can have multiple accounts at a bank, not much thought is given to that it's common in other business activities.Having accounts in other banks is the first step to building a customer relationship, you never know if you need to ask for money someday and they are more willing when there are past customer relationships in your name.

It would give you a steady stream of funds that you could make your own choices with.Having those building all spread out like that sounds like a pain.

You will be in a room with people with self directed IRA's looking for a place to put their money.When seeking money identify the pain.

If you are careful about the properties you acquire and are very conservative about estimating the repair/maintenance costs when you do your analysis you should do just fine.All those financial metrics that you mentioned should be considered, but really it comes down to: Can I afford this property (usually that = get financing) and will it make me plenty of money over time without being a big pain in the butt?

Many of these issues are an administrative nature, many agencies can levy fines without having to take you to court, but through administrative commission or board actions.

What's his 'pain point?'