Since you are using leverage inside of an IRA, some of the income will be considered Unrelated Business Taxable Income (UBTI) and therefore will be subject to UBIT (Unrelated Business Income Tax). 

@Trevone Williams You may want to start off by reading a few books on the subject.

I've decided I wanted to focus on  Pre-Foreclosure,  Subject-To deals.My questions are:1) Other than a Title Company/ RE attorney, what other websites/resources can be utilized to find out if there are leins on a property?

So she can be a part of the ownership without necessarily be subject to the loan by being a Member of the LLC.

@Martingale KimYour subject says "foreign parents." 

Depending on your current situation, and what your plans are for your next purchase, I would suggest one of two things...If you do have some experience in rentals, but not necessarily in apartment buildings (i.e. you own a few condos you're renting out vs owning a 2/3 flat) - with enough persuasion, you can find a lender to take that leap, and finance you on an entry level commercial 5-unit building.

If you're "cold calling" you ARE a telemarketer and subject to TCPA ie: $500 per violation "privacy rights" 227(c) (potentially $1500) DNC and another violation if you use a robodialer 227(b) $500 per violation (potentially $1500).

Just looking to spur some thoughts on the subject.  

You are subject to special assessments and increase in dues with no real say in the matter.

HUD will eventually foreclose and then the property will be subject to Hud guidline 24 CFR 206.125.