It is not a good measure of determining whether or not a particular deal is good, especially small rentals, except as a potential hurdle for further analysis.On paper your deal looks OK.

Only looking at all of the numbers and intangibles will determine that. 

As @Nathan G. simply put, you need to include all income and expenses in the analysis. 

I knew it would be a simple answer, but one that I was simply not aware of.

While an introduction and a bit of simply "getting my feet wet" has been my reason for posting, I suppose my ultimate goal with joining bigger pockets is networking and seeking advice for off market deals (and all thing investing) Also, I am interested in finding new local investors and lenders to work with!

I also determined the CAP Rates and Cash on Cash return was minimal- 5% or less on most deals.

I am calling myself a Real Estate Investor because I am determined to do this!

Hi Shequila Hamilton , I think the determining factors would also include the terms of the seller finance.

Trust me we all started with that 'one property' & many dropped out of REI simply because of that 'one property'.As you suck it up & continue to accumulate a larger portfolio there will always be that 'one property' that's the proverbial PITA.

Such plans are simply a different configuration to allow that underlying IRA to be invested differently, but all other characteristics of the IRA remain the same.A LLC is not required with any IRA to make it self-directed.