Also.. looking to network with any investors especially in the SoCal area (I’m based out of OC) so would love to hear some success stories / cautions of warning if anyone has some to share!

View report*This link comes directly from our calculators, based on information input by the member who posted.This property is off market. 

Based in Orange County/Inland Empire.

Hey Elliott - I'm also based in SoCal.I think there is a big fear when it comes to investing out of state.

The thing is, based on our initial reading of the zoning laws we didnt think it would be possible at first but then we went to the permit office found out exactly what the limitations were and built around those limitations.

What are you basing your repair estimate off of? 

You might want to touch base with @Joel Florek who was able to use some creative financing in his South Bend buildings. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

I would be more concerned about clean title in this scenario than seeking to utilize a self-directed IRA... and am surprised that this issue was not first addressed by other respondents... for example, a defaulted mortgage based on "assignments" created by MERS "Vice Presidents" litter land records in every courthouse in America. 

I based my selling price at 8.87% cap I think that is an attractive ROI at $279,900.