So we pulled together the funds, bought land, and built a nice multifamily facility in Watford City, ND very quickly.  

And I personally do not invest in any notes in the Chicago area (Cook County) due to the anti-lender atmosphere.

Too much to include here, but I go as far as telling people they can't cook with open grease on the cook top and can't use humidifiers.

. $4000 per unit is budgeted in my underwriting for renovation.Building Qualities – 6 buildings - 33,200 SF● 1 bed 1 bath – 550 SF – 8 units● 2 bed 1 bath – 700 SF – 24 units● 3 bed 1 bath – 750 SF – 16 units● Two-story● Individually metered electric, landlord paid water● Central heating and air● Copper Pipes● Built: 1975 ● Pitched roofs – All replaced in August 2007● Onsite laundry facility – Units purchased 2012● Parking lot resurfaced 2005● All units in good shape, with minimal cap ex required● 1 mile from 5 star public middle and high school● 4 units recently renovated with $100 rent increasesThis is definitely a tertiary market, but population growth is on a slow rise (1% from 2010-2016).

He’s trying to find housing in a senior living facility which, will take about 3-6 months - maybe.

I expected more like NJ/NY numbers.City of Chicago taxes are quite low for the region relative to property price and Cook in general is usually reasonable.

Install a high backsplash behind the sink to avoid painting and a stainless steel backsplash behind the stove to contain and reflect cooking fires.6.

The building is stucco and could use a bit of updating to increase rents but overall is in nice shape and entirely rent-ready.It has:- 3 units (2 2 bdrms, and 1 bdrm) all with their own entrance- The 2 bdrms both have their own laundry facilities- Baseboard heat - Ample parking (6 spots)Based on comparable sales there are 2 sales within the last 6 months within about 1-5km from this location that have sold for the following:Duplex with an illegal 3rd unit, all 3 units are 2 bdrms, gas furnace heat - Sold for 340,000 Duplex - 2 bdrms, - Sold for 290,000kBoth of these buildings look nicer than mine on the exterior but mine does not look awful by any means. 

@Naresh HanchateSuch transaction would result in a prohibited transaction.Certain transactions between an IRA and its owner or an IRA and a “disqualified person” are specifically prohibited by law.A prohibited transaction is a transaction between an IRA and a disqualified person that is prohibited by law.The transaction that you are describing would run afoul with some or all of the following prohibited transaction rules:Prohibited transactions generally include the following transactions:a transfer of IRA income or assets to, or use of them by or for the benefit of, a disqualified person;any act of a fiduciary by which IRA income or assets are used for his or her own interest;the receipt of consideration by a fiduciary for his or her own account from any party dealing with the IRA in a transaction that involves plan income or assets;the sale, exchange, or lease of property between an IRA and a disqualified person;lending money or extending credit between an IRA and a disqualified person; andfurnishing goods, services, or facilities between an IRA and a disqualified person.https://www.irs.gov/irm/part4/irm_04-072-011https://www.irs.gov/retirement-plans/retirement-pl...

The elderly are a massive group in FL and if the wrong person heard you were giving a family a hard time in a difficult emotional season the decision may turn out bad for you.Maybe you could work with the family to move the belongings into a storage facility while you advertise the unit.