If you purchase via an IRA (as opposed to a 401k), you will need to open an IRA account at a specialty trust company which allows for investments in real estate.

This property is classified as a "condo", which is great because the association maintains the exterior (LOL, not really) and the roof, but it's half a duplex.

. $125/month assessments seems within reason for a community that has no exterior building maintenance responsibilities other than front yard landscaping.

I'm in San Antonio, but would like to explore areas where getting at least 1% rule is the norm rather than the exeption.I'm looking to expand outside of San Antonio, my main objective is growing a buy and hold rental portfolio.I'd like to stay under 100k for now due to wanting to do all cash at the moment  (although I'm not opposed to hardmoney or partnership).I'm trying to avoid areas with a high turnover. 

The space is a fully enclosed and insulated garage now, so we would be building out the interior, and adding windows and doors and new stucco to the exterior.  

Generating enough income from real estate investment activities ( as opposed to real estate business or job activities) to provide upper middle class to upper income lifestyle requires A LOT of capital.4.

Also the exterior needs paint and repairs as well.

@Kyle MooreIt's a great strategy although you are going to have to be looking at more business type financing as opposed to traditional real estate financing.

I need a HO6 tenant-occupied policy because the HOA's insurance covers the exterior, but they don't provide that type of coverage in the State of North Carolina.

Put onus on your township / municipality and say that they are clamping down on you to keep the exterior more orderly.