What you are thinking is sort of like the sunk-cost fallacy in reverse: You spent so little on the place, that you feel you must hang on to it.  

I have been quite successful, but the job keeps me away from home, more than I would like, as I have to physically visit the properties, have face-to-face conversations with the landlords, etc.

I have been quite successful, but the job keeps me away from home, more than I would like, as I have to physically visit the properties, have face-to-face conversations with the landlords, etc.

To do this, You must pay off All the other outstanding certificates along with 18% interest on them, plus fees.

You must have a great arm!

There are many BP members who must have awful 401k plans with no match for all the hatred we hear towards them.If you are not going to be working and your taxable income will be low for a period, you may want to consider a Roth conversion ladder to allow for tax free distributions of 401k account balance.

from the documents a few BP folks sent to me a few years ago. it looked like they were investing in multi beneficiary mortgages IE multiple investors in a fractionalized mortgage.. which can be argued is a security .. in CA they are quite common but you have a specific disclosure document that must be filled out by a real estate broker .. it lets you know who the co investors are.. which is really the rub here.. none of these folks know each other.. and of course this is always the rub in a pooled syndicated investment that goes south.. 

I do think that you may be able to receive an overall higher return in another market, I feel there is substantial value in knowing the area, being able to swing by the property if needed (managing the property managers is more work than one might think and necessitate an occasional visit on your own even with a manager), and investing with little turnover/vacancy. $160k for 6 units at $500 a unit would be an excellent property but only if there is little turnover and it is in a decent area.

The numbers must work and the deal needs to stand on its own two legs !

IRA must get the loan if you wish to finance the purchase, you personally are not allowed to guarantee the loan.