It is simply a means to diversify your IRA, not a way that you can personally access the funds for your own purposes.Do some reading here on BP and you will identify a few providers of both service types that participate here regularly.  

Knowing this , just curious why you went that route as well?

I would add another 5-7% into your expenses for capital expenditures in addition to regular repair costs to be safe.I'm not seeing an appraised value in your numbers.

Depends on the risk of the deal, the holding time, and the operator's track record.Consider that investors regularly have access to projects from very experienced leads where the leads are all investing their own capital, and that common terms may be 7% pref, 75/25 profit split, and say 1% acquisition, 4% management, and 1% disposition.I probably wouldn't take a chance on a new operator.  

But I have all the time available, the knowledge and experience doing it, and none of the capital to go that route at the time.

I hold regular networking events here in SD.

I'm not even sure at this point if that is the most efficient route which why I'm here looking for some insight.I'm curious to see if any one has any advice, recommendations, or referrals to resources that may be able to help.Thanks in advance and sorry for busting in immediately looking for help!

I've been advised that finding good Hard Money lenders is a smart route to go because my ability to pay 20% on a conventional loan is limited, at this time.

... 50 shades of SDIRA gray ...So if i enter into a JV with my SDIRA, and can show that the SDIRA could buy the property on it's own via a non-recourse loan, and that I could also have bought the property with a regular mortgage, then it would seem I have no direct nor indirect benefit, correct?

They have regular monthly meetings and networking events.