It's a bit of a weird situation for me to even be in as it's more of a 'living situation' house for us and not an investment in the traditional sense that I normally think of purchases as so it's been weird / impossible to take of the investor hat even during a much different type of transaction.

Ideally you have some sort of base to work with. 

Purchase price: $210,000 Cash invested: $53,0003 bdr 1 bath sfh in a B+/A- area in Rochester.What made you interested in investing in this type of deal?

In addition to price you should condsider the quality of the company (AM Best rates, Insurance dept complaints, reviews,....) and the quality of the agent (do they know this type of business, how many companies do the represent, etc..)

If they are really good, they will pre-fill it with the Applicant's information so you can email or mail it without having to type anything in.Here's one you can save and fill in electronically: https://assets-global.website-...

I do know that they are special types of IRAs and are charged a fee depending on the company that makes it for you.What would I invest in a SDIRA? 

What made you interested in investing in this type of deal?

Had I not sold the property, heater number 4 would have been the old type!

@Calvin Graves Once you find the right agent make sure you’re ready to make offers and follow through with purchases because there’s nothing that will ruin your relationship with a new agent faster than having him/her sending you dozens of leads and showing you properties only for you to never actually take any realistic type of action with offers that might actually be accepted.

If you're aiming for a double-digit return, Tulum might not be the ideal market for your investment.