Hi Thomas, in MA the landlord is required to hold both the security and last months rent in an interest-bearing account.

Are you taking 10%+ annual rate of appreciation into account?

It's not a simple manner of moving money from one account to another.

Offer to pay for his entity creation and a review of his taxes by an accountant instead of Turbo Tax that he must be using, because I'm unaware of any scenario where it makes sense to avoid making money due to fear of taxes - in exchange for granting you the lease option and covering those expenses could be your option fee.Rral Estate is a tax shelter...

I would ask for a rent roll, tax returns or financial statements and hand those to your accountant, and if you don't have one get one, if you want to be an investor.

Step 1: Get a job earning X amount of moneyStep 2: Get a second PT job earning Y amount of moneyStep 3: Get a third PT job earning Z amount of moneyStep 4: Wake up earlier daily, grind as many hours as you can, go to bed, repeat...Step 5: Figure out how to live off W (less then you earn)Step 6: Open a savings account and put your savings into it (X+Y+Z)-W= S (Savings)Step 7: Listen to positive people daily who are motivating.

You would show a recent bank statement with the account numbers blanked or “XXX” out.

Account Closed works there he is great. 

Also, just because an SDIRA provider has low-priced account fees, doesn't necessarily equate to that company being the best provider for you. 

You need to account for: Lawn care ($25-ish x 20-ish mows per season)Snow removal ($25-ish per plow x 20-ish plows per season)Water/Sewer: ~$240 per quarterHeating oil: Stated oil consumption in the listing is 730 gals annually - I'd confirm this with the fuel vendor if you can.