I had one recently who argued they'd put in over 900k into their building over 30+ years, and therefore no way its worth 300k.

I would like my first deal to be close to home so that I can be more involved in the process of going to look at properties, but I live in Chicago and am not too excited by the real estate market here given that the supply is increasing (lots of new construction), the demand is decreasing (city population declining) and Illinois is just going down the tubes financially (some would argue that the state is already way down the tubes).  

I understand people think older and cheaper houses are money pits, buys I like them so not any point arguing the details of why or why not. 

The second group of people argue that it's impossible to time to the market, you can lock in low interest rates, and over the long term you'll be fine if you can hold onto the property.  

Many argue the Choice Act would leave the U.S. economy vulnerable to another financial crisis, and I don't think they are wrong.

I can give the 60 days at any time so am I right by saying he cannot argue this?

Someone would likely argue that's my monumental mistake.  

I would argue that there are many multi-family selling too high which has driven up the list prices. 

I haven't taken the time to discuss with my financial advisor but out of curiosity, if your SD IRA owned property is managed by Property Management ABC, LLC (and you're paying 10% management fee), can you have any ownership interest in Property Management ABC, LLC?

If you are going to get into multi family properties you must must must read the Abc's of real estate by Ken McElroy.