I initially started investing as a passive investors with experienced operators through syndication model and eventually built a business around that that allows me to keep my "not operator level active but not Limited Partner level passive" status, which was my goal.To learn about how commercial lending works I would recommend you listen to Old Capital Podcast.I'd be more than happy to chat further and go into further details about commercial real estate investing if you are interested.

You need to understand they have models that can predict the risk down to zipcode/census tract. they need to reduce their loses with risky areas that have high property crime rates.

There are two business models in the self directed IRA realm.Custodians, who will have the word trust in their name are processors and recordkeepers.  

I can explain much about either one, but the business models are so different that I have place to start or a day to begin.

I'd invite you to check out this model that I built (which can be downloaded for free from the fileplace) and put input the assumptions that best match your local market.  

We do both - New construction is a value creation model.

That said, the desire to scale the business has led me to this "unbundled" or "a-la-carte" model which leverages the existing business infrastructure I have in place and also caters to the evolving consumer/investor demands which now include a more active DIY approach to real estate investing.

Outstanding Account Balance: will accrue at 18% annual percentage rate effective immediately upon move-out and return of possession to Landlord.

Low quality homes in my area could get closer to 2% but that is not my business model.

We replaced the bathroom vent fan with a new high end model that I think took out about twice as much air.