Its also probably safe to say he already knows and is testing you out to see if you lie or not.  

The lowest risk for SDIRAs in my opinion isBeing a Private Lender to a rehabber or real estate investor with safe Loan to Values of 80% or lessTheEntrustGroup Custodian for IRAshttp://learningcenter.theentrustgroup.com/Pages/Ca...TrustEtc.com Custodian for IRAshttp://equity-university.trustetc.com/library/gene...PenscoTrust Custodian for IRAshttps://learn.pensco.com/investment-options/real-e...

Now I know that's no feasible in most markets as others will pay more but that is a very safe metric.

A reasonable and safe return on ARV is closer to the mid to low teens.

Check posts here on the SAFE Act and Dodd-Frank, @Ken Rishel is the MH guy here.  

The benefits of this house over that are 1) its a SFH rather than a duplex, so you aren't sharing a building/driveway with another family, 2) this house is a good chunk bigger in terms of SF, 3) the duplex has 2 outdoor parking spots, this has an attached 2 car garage, 4) the duplex has no real yard but the SFH has a nice sized fenced in back yard, 5) less traffic at night on the street (but still these are both on busy 4 lane streets).I'm assuming 1800 because I think that's a safe bet.  

In addition, the units rent for much higher rates in this area than cash tenants.But there are two issues I'm facing.Because this is a property "condemned" by the city (I put that in quotes because at least from what I can see from the outside, the property looks like it's safe to walk in), I cannot enter the building. 

Believe it or not there are people out there on the other end of the spectrum and they have billions of dollars that need to be placed, to them a 5% return on a very safe apartment complex is a great deal.

One of them got arrested and the other one does not feel safe. and moved out.  

Best to stay on the safe side of the law wherever you are  though!