Setup time to speak to a few of them to learn more about their model and get a feel for how they answer your questions, how they treat you during the call.Be prepared to share your net worth, income, and investment history with them if you want move forward.For the ones you like (after speaking with them), maybe have them send you example investor communications on prior deals so you can see how they communicate to keep investors informed.Once you've narrowed it down you'll want to further evaluate the sponsor Track record, references, etc.Have them present a past deal in detail to try to understand their assumptions, are they conservative, etc.You can use the BP Tenant Screening tool to get criminal and credit history.

High cap rates, but watch for the fool's gold(a listing with an outlandishly high cap rate, for instance- on those, you'd be lucky to attain half the cap rate.)If you're not planning on having your boots on the ground, I'd say don't start with a property needing tons of rehab- better to start with a high-quality and high-functioning property, build your team, and then go for a rehab if that's what your goal is. 

Looking forward to speaking with you soon.

A $10k rehab creates demand for the unit, which reduces turnover, and increases the quality of tenant. 

Back then, I had a collection of working microwaves that tenants left behind on moves.I don't rent to section 8 tenants, because generally speaking they're not the type that can draw on an IRA if something comes up, so having this problem comes with the territory IMHO.

Hello BP,I am looking for someone familiar with self-directed IRA investing or a custodian to come and speak at one of our local meet ups here in Minneapolis.

The real issue: had this been known to me, I likely would not have closed (this wasn't the only issue with the place), at least without reduction of price or final say of damage repair quality. 

Generally speaking newer homes will require less maintenance.

@Brad Larsen with RentWerx is who I'd recommend speaking to.

Generally speaking your bedroom needs to have at least 70 square feet of floor space (if more than one occupant in the bedroom need a minimum 50 sq. ft. per occupant), ceiling needs to be at least 7 feet tall, can't measure less than 7 feet in any horizontal direction, needs a heat source, a light source, an emergency/rescue opening, its own door (can't access it through another bedroom), and many people will say it needs a closet (the IRC doesn't have this requirement, but many appraisers use it as a bedroom requirement).If you want to read through the code yourself, I've copied it below:IRC- SECTION R202 DEFINITIONSHABITABLE SPACE.