@Chauncy GrayIn order to establish a self-directed IRA first you need to find a custodian allowing alternative investments.

It's one thing to use a calculator and another to build one.On that note, accounting for your alternative (renting out a 1-br apt) in these projections would give you a truer ROI.

They normally cashflow well, are easy to manage, and thus are more passive than most of the alternatives.

I have done a lot of market research, read books and watched countless videos and my favorite is listening to podcasts.

Your alternative is to rent a room to someone you don’t know.

It's your responsibility to provide alternate window AC units or portable AC units for tenant to use in the meantime until the repair is complete.

And of course you've mentioned here that everyone else who rents from you thinks that this electrician-of-obviously-questionable-competence is God's gift to alternating current.A does not equal B does not equal C here.The windows...you can't rent a house with busted windows.

The alternative is selling the property, and using your 25k equity towards another project that you can turn in half the time. 4 projects a year make you 100k in profits year one.

In our current market, house hacking is best considered in context as an alternative to renting and a way to get started multifamily investing in a strong market that might otherwise be unaffordable.

One alternative I have is buying a new primary residence with less than 20 down, getting two roommates and saving up equity in a much shorter time.