I can not express more to use an agent and select a title company and loan officer (if applicable) with extensive experience selling HUD homes.

I'm curious to hear people's thoughts on an arrangement for some potential partnerships.I have a number of personal friends who are independently wealthy and who have expressed interest in working together.

@Brittany Alexander one thing I would recommend for the first several months (at least) is to meet, or talk on the phone, with anybody who expresses interest.

They could have expressed interest however that could be 10 years out.On the idea of the government selling you the property - it is a possibility but I imagine the building would need to be demolished or totally renovated to make it usable for the general public. 

The seller is willing to sell the house.But they need the approval of their lender to sell it for less than they owe the bank.Until the house is under contract, you can express your interest your interest and make your offer and the listing agent should pass it on to the seller.Hope it helps

If your IRA is receiving a discount because of your relationship with a vendor, then you are providing a benefit to the IRA.You should definitely not become the delivery boy for your IRA. 

In terms of functionality, we want video, audio and fob entry and possibly a key pad as well for delivery men, etc.  

Two of the safe harbors that can help you deduct improvements are below:1) 2500 de minimis safe harbor.the safe harbor applies to amounts paid during the tax year to acquire or produce what the regs call a “unit of property” (UOP), you must meet these requirements: (1)you need to have written accounting procedures treating as an expense for non-tax purposes amounts paid for property costing less than a specified dollar amount (which will be 2500 for you), or with an economic useful life of 12 months or less;.(2) the taxpayer treats the amount paid for the property as an expense on its books and records in accordance with its accounting procedures. ( do this on your bookkeeping software or whatever you utilize)(3) the amount paid for the UOP doesn't exceed $2,500. as substantiated by the invoiceNote: The cost for the Unit of Property includes l additional costs (for example, delivery fees, installation services, or similar costs) if these additional costs are included on the same invoice with the property.2) Small taxpayer safe harbor: To be eligible for the safe harbor, the total amount of improvements for the property for the tax year may not exceed the lesser of $10,000 or2% of the property's unadjusted basis.If the total amount paid exceeds the safe harbor threshold, the safe harbor does not apply to any amounts spent during the tax year.

Though there is an option with Cozy to pay for express payments which deposit faster.)- Cost (some services charge a nominal fee to process payments)- Ease with which payments can be reversed/chargedback by the tenant with some services (I’ve heard that this is fairly easy to do with some services, like PayPal)- Won’t work if your tenant doesn’t have a bank accountUltimately, I think the pros outweigh the cons and that electronic rent payments are a significant convenience for both the landlord and the tenant. 

Basically all have expressed interest in buying.