Contact me if you would like to practice negotiating with sellers and have an accountability partner.  

@James ParkI give Harry Dent credit for his call on the deflationary downturn he saw some coming between 2008-2009 which he predicted this back in 1998,But Harry based that prediction on changing demographics not imprudent financing and lending practices.

Technically this is possible, however, practically the chances are that no bank or other institution will issue a credit to an entity (your IRA LLC) which has no credit history. 

The areas where we're looking are southern Nassau, Queens and Brooklyn.I'm an attorney, barred in New York (however, my practice isn't real estate related), and my brother's a tech entrepreneur with a couple start-ups under his belt.

Also at some level of enforcement or politics there are those in Ohio that believe the practice is or should be illegal. 

I'm not familiar with FL rules, but NC intrastate CF law just went into practice and even if you stick to all accredited investors (which IMO is a good idea) the regulations give some structure that can (again IMO) put people on the regulatory bypass.... a 'fast track' of sorts.

I do not know to much about real estate practices in Illinois.

I would have expected that people in their 30's who pay their own water bill would recognize a running toilet, especially in a small home where the bathroom shares the wall with the master bedroom.On the plus side, these tenants have given me plenty of opportunities to practice being firm and "the bad guy" with low consequence problems. 

You can do what ever you choose and based on past practices, lease language etc, feel quite confident right up till they take you to court.  

Recently I have become excited with finding affordable options for comfortable and practical living.