Below are 3 things to consider in addition to fees when selecting a custodian/administrator for a self-directed IRA.1.

In addition to knowing maintenance and occupancy rates (since this isn't a new build I assume it already has tenants), you also need to know the age of big CAPEX items (when will you need to replace them) and what exactly was done to make it 'turnkey'.

There's a lot of job growth and relocation happening right now, so a very strong rental market in addition to the seller's market we're still in. 

Well her rent comes out to $28 a day and since you can't rent a motel for that amount we kicked in an additional $40 a day.

Hi @Michael Sato I replied back to you with additional question about the same topic. 

I am looking at buying down the yield maintenance period for additional flexibility to 10 years.

(I understand the engineering is an additional cost).Thanks!

If you only buy the meters they charge an additional 25%. 

Even though your condo may see additional appreciation, you can't eat equity.

Plus, you're incurring additional expenses that eat into whatever equity you do build up in your 2-3 years.Fair warning, the rest of this may seem like a bit of a downer but having just spent 5 years stationed in San Diego and, after a lot of research, deciding to rent while there and invest in other markets, I think it's worth presenting for you to consider.