Too often when you are on your way to growth, little uncertainty, and fear comes with it naturally.

Given the expensive nature of the Bay Area, I am joining the BP community to strengthen my real estate network with the intent of branching into markets out of state.

One of the worst mistakes you can make is to follow your competitors off the ledge of the cliff when your internal data and your transactional benchmarks tell you there’s no need to do so.Don’t panic, adjust your pricing strategy based on the market data and nature of your rent roll.

I guess there are trade offs though because naturally banks would be a bit more resistant to lend to a LLC unless it had a whole lot of money in the bank.

But see, that is my point, these are just details, yes there bewildering nature may look a lot like concern but there is no concern, query yes, uncertainty a plenty for sure, but concern not so much. 

I should say that we were well aware that the nature of this project was going to result in change orders. 

Would the natural progression still be a mailers and skip trace route?

Be sure to have a solid tax advisor and understand the calculations and systems in each region you’re interested in.Also, the natural disaster risk you mentioned is very real.

Most self-directed IRA firms are administrative in nature and hold required licensing that is more banking related in nature. 

@Michael PempinI don't know even the general nature of your transaction so I can't comment anymore on your estimates.As for your question about why leverage on when your property may go down and why buy more now...