Account ClosedThere are dozens of companies that offer truly self-directed IRA and 401(k) retirement plans capable of investing in non-traded assets like real estate.  

.- Your estimates are correct but there are other investors willing to take a smaller return on investment or are volume players.- You're not missing anything and these investors' optimism is going to get them extremely hurt.Based on what I see a lot in my market, it's more of the latter two. 

Here I use the sorting capability of the computer and use naming conventions. 

But since I’ve had to become my own handyman to fix the deficiencies of handymen apparently less capable, knowledgeable, or honorable than myself, I’ve had little time to do anything else.

Recently this market has become a little saturated with many new entrants - primarily local investors but also some national players like Sayco and Havenbrook.

I have been in this market a long time and I know all the players, good and bad. 

@Daniel Botvynko you already have heard of most of the main players here in the Chicago market.

Even with a 330 unit location, your a small player with the construction, paving, sewer, electrician and other contractors. 

Our idea was to get one under our belt to put a little weight behind our name and show the real players in the area that we are serious, and here to stay.Financing has been addressed, but this thread is getting pretty big so I'll restate. 

A recliner or two, sofa, loveseat, coffee table, end tables, smart HDTV mounted on the wall, washer, dryer, ironing board, iron, fridge, stove, dishwasher (optional), toaster over, microwave, coffee maker, cooking and eating utensils, trash cans and bags, bed with pillows and linens, towels, night stand, smaller HDTV or old style tv, towels, cleaning supplies, vacuum cleaner, spare light bulbs, toilet paper, paper towels, dish soap, laundry detergent, blue ray player with xxx movies (optional), cable and internet services, gas or charcoal grill with appropriate fuel, toilet plunger, mouse traps.