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?'

I feel your pain, there isn't a whole lot of options out in Irvine for cash flowing properties.

Luckily I own the place free and clear, so the bills aren't to painful while it's vacant.

Never again.Short sale are a long pain in the rear.

If your county is anything like Palm Beach County, the information is all online now, BUT if you search through the computers AT THE COURTHOUSE you can get all the information you need.When searching through the records, look at the petitions for administration of the estate, or petitions for summary administration.

Check with the plan administrator to see if the plan allows for in-service distributions.