I don't plan on being an RE agent but the information that I gain will be worth it!

We both have great credit.In the mean time I have been active scrolling listings and making calls to gain experience and plugging away at the rental property calculator.Really looking forward to start networking and becoming an integral part of this community.Chris

Hotels typically have higher cap rates.

These things typically have a long history.

What is the typical rents for this type house?

Beware of State regulations for No Fault Evictions - - typically there are high relocation fees to the existing tenant.  

The gains are subject to UBIT and then the balance goes back to the IRA.I can see that you are confusing UBIT with the similar UDFI.  

These are typically run down and need lots of work to bring back to rent ready.What are you looking for?  

I did notice that the post said most portfolio loans have a higher interest rate typically than what you'd get with a conventional lender, and that they are usually shorter in term or have a balloon payment.Based on my personal situation, I shouldn't have much of an issue getting conventional financing for the first few properties.  

Also, through my research I am learning that many banks/ lenders offer low Money down options very similar to FHA and PMI terminates after 20% equity is gained; which is awesome.