You want pros who respect pros.

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLCsuch as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a speciality trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proAlerts can be really helpful too: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proThe site has quite a few tools that can be helpful for new members.

Finding tenants this way would be ideal for an active duty soldier, since they all live in close proximity to their respective unit and they tend to be younger soldiers looking to room with someone anyway.

@James Wise @Ryan Moeller @Nicole Hoss I completely agree with you with respect to the fees the property management company has in place to be profitable, but wondering what your thoughts are on who should pay those initial startup costs when a first time tenant moves into a newly purchased turnkey property.

Percentage of mortgages underwater: 27.9 percentMedian home value: $252,000According to the report, Newark has high rates of vacancy for both homes and rental units at 5.2 percent and 9.5 percent, respectively, compared to the national average of 1.7 percent and 6.1 percent.Additonally, its delinquency rate on mortgage payments is almost six times the national average at 6.4 percent.2.

Respect your Tenant and their needs.

Now, with much due respect, I ask of all you seasoned pros and property geniuses out there: if you were me, a smalltime landlord with two successful NYC rentals under your belt, and now you had your first respectable chunk of equity to put to work, and you wanted portfolio growth paired with incremental income growth, and your tolerance for risk was somewhere in the middle of the spectrum (not on the aggressive fringe), and you found yourself feeling shut out of the overpriced market where you live, what would you do next?

I respect the way you made your case without attacking those that had other opinions.