Some common mistakes are trying to go cheap, not vetting out contractors, paying contractors too much up front, not having contractors sign a contract when you accept their bid, not having enough of a cushion for unexpected repairs (there will always be something)

Is this an off-market deal directly with a tired landlord?

I know I can't live in this house if I do self-directed Ira but someday I would like to live there. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

View report*This link comes directly from our calculators, based on information input by the member who posted.So does this look like a good deal?

Have you seen Case-Schiller property appreciation graphs on San Diego.  4) rent rates traditionally lag purchase in both directions.  

@Brit Dunlop  Yes its definitely commercial loans - mixed use. your best bet is probably a local bank or try to get it at seller financing.The good news is the 2 apartments shouldn't be hard to fill in, the shop could take longer. are you dealing through a broker or the seller directly?? 

@susan @Susan Little I agree about staying away from foreclosures as they can hide some nasty surprises from costly unexpected repairs to undisclosed liens.  

Hopefully you'll be able to find a mentor that will help you get started in the right direction.

It seems like all the information, tips, strategies, etc. that I find on the subject are directed at folks for whom retirement is years (if not decades) away.