Brandon how extensive was your background check on this person??A

A large percentage of your success will be in an ability to connect with the person as A.M. said and FOLLOW UPS!

“Prohibited Transactions"Generally, a prohibited transaction is any improper use of your traditional IRA account or annuity by you, your beneficiary, or any disqualified person.Disqualified persons include your fiduciary and members of your family (spouse, ancestor, lineal descendant, and any spouse of a lineal descendant).The following are examples of prohibited transactions with a traditional IRA:Borrowing money from it.Selling property to it.Receiving unreasonable compensation for managing it.Using it as security for a loan.Buying property for personal use (present or future) with IRA funds.”Your IRA may not buy an investment from or sell an investment to a disqualified person as defined by Internal Revenue Code Section 4975.

Let's say a 60 year old retired person (person A) owns a $2,000,000 house outright and has all money ($2,000,000) in the bank.

Chris, the only way I know of to be sure a property is "conforming" is to visit the property in person as well as the immediate surrounding area.

No mas!

If you judge those items to be serious, then you know this tenant has potential for you - if you actually are one of those landlords that performs needed repairs :D ; if the items being complained about seem to you to be more of a nuisance, then it sounds like you wouldn't want that tenant.You might find that a thorough screening (as Joel has given above) uncovers some other reason to not take this person as a tenant - so let your screening process be your guide in decision-making.

It is best not to be confrontational with this type of person as they may become verbally abusive and get very angry.

In fact, I wouldn't move into a house that was rehabbed by a single person, as I could be sure that the quality wouldn't be nearly as good as having skilled tradesmen for each part of the project.Rehabbing a house yourself isn't good business (in my opinion), but just as importantly, isn't good for your end-buyer...

The natural person, as an investor, purchase partial interest in the security.