You cannot use your unit as you please (for own occupancy or renting) and, worse, you cannot fire them as property manager even if their performance is bad.

Annihilate all competition not by destroying them, but by completely outdoing and out performing them.GET A WEBSITE!

Third use the cash flow to buy an investment that does actually performs on cash flow AND your main wealth generators principal and appreciation.

while I like notes I don't like contract for deeds too risky when you can just simply buy good performing first trust deeds and not reperforming those are risky as well. although I think the OP probably wants to be a landlord .. but for IRAs nothing beats good solid notes.. 

It also states anything additional will only be performed under written change orders.  

Free for first month then $9.95/monthTitle365-Search real time property info using GPS or perform a custom search by owner, address or parcel number....

We didnt know exactly how but we did identify the primary causes of its poor performance and knew we could address those.  

Before signing the lease you perform a condition walk thru of the apartment.  

On the other hand, you carry all of the risk from a non-performing unit on the front end, waiting years for rents to appreciate far enough beyond your note to produce cash flow. 

Well, if it isn't multi family you can definitely perform an evaluation without cap rates.