You must remember that you are considered to be "disqualified person" to your IRA, hence all IRA transactions must be "arms length".

In the letter, I explicitly ask, if they want to renew for the following year, then I need to know by end of Feb.

Just the facts...that are explicitly asked for.

The following are maximum LTV/CLTV/HCLTV ratios for purchase or LCOR when HomeStyle Renovation mortgages are underwritten with DU* (note that borrowers can also qualify for up to 105% CLTV with eligible Community Seconds®):- One-unit principal residence to 97% LTV/CLTV/HCLTV with FRM; 95% with ARM (Available in DU on March 17) (Note: For LTVs > 95%, on purchase transactions, the borrower must be a first-time home buyer unless combined with HomeReady; for LCOR transactions, the loan must be owned or securitized by Fannie Mae.)- Two-unit principal residence to 85% LTV/CLTV/HCLTV with FRM/ARM- Three- and four-unit principal residence to 75% LTV/CLTV/HCLTV with FRM/ARM- One-unit second homes to 90% LTV/CLTV/HCLTV with FRM/ARM MH LTV/CLTV/HCLTV ratios principal residence to 95% FRM/ARM; second homes to 90% FRM/ARM (Note: 105% CLTV is not permitted with Community Seconds)    - One-unit investment properties: Purchase up to 85% LTV/CLTV/HCLTV with FRM/ARM LCOR up to 75% LTV/CLTV/HCLTV with FRM/ARM

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

Also too long in this cocoon and I might get comfy arm chair investing.

I'm considering a buy and hold or potential wholesale deal in Memphis, TN and would greatly appreciate a second opinion.ARV: $55,000      Purchase price: $43,500         Rent: $775 / OccupiedMgmt: $77.5       Repairs & CapEx: $117        Vacancy:  $64I can get financing with %15 down, 20 year loan, 3/1 ARM, est. %5.6, my PITI is around $406.Rent $775 - Expenses $258 - Financing $406 = $110 in cash flowIt feels a little thin. 

After reading about auction laws, specifically, absolute auctions I was armed with the right info in order to demand from the seller to sell me the property.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

Cost and arm and a leg.