Challenges?

Which part of the process do you think is the most challenging?

Challenges?

If this is another owner, you are probably going to have to have some sort of legal agreement that allows them to put a renter in place on your IRAs behalf, and you'll need to have all the payments and paperwork come from your IRA so you don't blow it up.This is just another example of the challenges in investing with SDIRAs.

@Serena Kim I agree with what Charles said above - the other advice I'd add to this is the attorney - HIGHLY recommend Dugan Kelley - he has done all of our acquisitions and is incredible - especially when you have a challenging seller - he's great at keeping the deal moving forward.

A lot of people talk about abundance mentality, but that’s just using common sense to keep your cards close to you.

There are also many online sites that provide crime statistics, if that's your primary concern.It's hard for me to mentally map the zoo/botanical garden in Roger Williams Park to neighborhoods outside the Park, but generally speaking the parts of Cranston that border Providence, around the Park (e.g., Elmwood and part of Broad St especially around/past the cemetery), are a bit tougher than ones that don't (e.g., near Park View middle school or parts closer to Edgewood than Providence).As far as self managing vs. using a property management company, I don't really know your situation - e.g., how far away you are, how much time you have to devote to the property, managing service calls, going there if necessary, ability to do your own work, etc.So that's something you'll really need to decide for yourself - though I would say as a new person, you should expect that you'll be there a bit more than you "imagine" you will be (at least that was my experience when I was new 15+ yrs ago).If you do decide to hire it out, I can recommend a couple of local companies.

He has a minor mental disability and receives disability checks, which he would use to pay his rent. 

Challenges?

Narrowing it down to #1 is challenging:1.)