Hey...Do you have any props or know of any in  the zip codes I mentioned?

they just had a podcast on mhp yesterday The things to look for are septic system in good condition what are your water bills ,taxes, code violations,etc Just on the face of it $30k for $2000 monthly income sounds like a very good deal but there a some experienced investors on this site that can guide you much better.

Whether you exceed it before or after the loan is made doesn't alter the risky-ness of the situation - the risk to the bank.  

The other issue is that my HVAC guy said the AC unit (in basement) is too small (3 ton) for the 3000 sqft house per code and need to be replaced but my house inspector said the size of the A/C has more to do with design and planning. 

If it were done this way, then my personal 'contribution' in setting the price of the insurance would have been a prohibited transaction (according to my interpretation of the IRS code and as interpreted by my IRA trust company (IRA Financial Group)).On the second part of your response, are you sure that I can rent a property owned by my SD-IRA back to myself? 

@Gary Freidman As @Ryan Mullin said above, the zip code isn't very helpful, as the good/bad areas change several times within many of the zip codes.

My current mindset would be to focus on purchasing a property once I reach the goal of maxing my 401k contribution, which hopefully I'll achieve within 2 years.The main thing I see right now is that in looking at real estate as an investment I am conflicted about proceeding on couple of things.First, In Florida, I notice a big savings in home owners insurance with homes built to the FBC2004 building code and most of the properties would be in more expensive.

I own my home with my wonderful husband. who is a numbers whiz.I plan on utilizing his talents as my partner in crime as I explore my alter ego, which has long been itching to emerge as a real estate investor.

However, the ethical representation of real estate is more in focus to the investor-realtor relation to be more specific.While the code of ethics establishes obligations that may be higher than those mandated by law, in any instance where the Code of Ethics and the law conflict, the obligations of the law must take precedence.Eventhough, it remains the moral duty of the realtor to provide the best benefits for investment in lieu of the investors trust for the realtor

There's a cool new feature of Bigger Pockets that allows you to search for other members by zip code.