I've spent that last two years preparing, saving, reading and educating myself through BP and several books for that one moment, that moment of pure ecstasy, the  moment I closed on a rental property.

Such institutions provide the necessary processing services to document non-traditional asset investments with an IRA and will act purely as the processing layer.

I rented it for the last 3+ years at $1800 a month (got back most of my investment from rent) and now the sale will be pure profit.

Just trying to decide the best way to quantify a “good deal.”On a pure rental the metrics are pretty easy.

[As a general rule-of-thumb, ex-primary homes reap very poor cash flow, compared to pure investment buys!

@Doug Pretorius that is pure GOLD!

I was purely speculating on any deed/transfer taxes.

Finding local foreclosures is actually something else I am interested in figuring out but haven't really looked into yet - but I'm definitely not seeing them in the same place.I was really considering buying a parcel at this auction purely for the experience, but by the time they removed the ones that had been redeemed before auction day there were only I think 3 that were big enough to legally build on (and not even usable if rezoned somehow, just like 4 ft wide strips of land between 2 houses and such).1 of those was commercial, would have required tons of tree clearing and excavating to build on it an all the engineers, applications, and hearings involved with that were intimidating for me... that was the only useful one I could've afforded. 

I wouldn't haggle on rent at all, purely because this sets a standard that rent is negotiable.

This morning I heard the low battery churp from the alarm upstairs so I came home after work with fresh batteries.