After restoring it, dealing with Cobb County inspectors, I learned that the building I originally thought was zoned O/I was actually zoned Residential Senior Living.

I actually had this exact debate with myself. basically you're fine now without it.

@Dustin Mellor sellers can actually have great control over property after selling, through what's called a "deed restriction", as long as the restriction is legal (doesn't discriminate, etc.)

I'll be moving closer to leesburg actually which I see that's where you're from.

I don't actually believe the home is worth that much. 

Abraham,Actually you can cross collateralize some or all of your properties and use as down payment to purchase apartment.

Sure 30k may appear good, but if in that same period you're paying $35k in debt, you're not actually coming out on top.

I am still surprised that you could actually find something decent in a good neighborhood for $1 mil in NYC.

Hey Jeremy, Thanks I have been looking to find people wanting to use SDIRAs, but its tricky finding people who have it set up to actually direct the IRA.

I actually also read your response to the Dallas investor--thanks for sharing with me.