This way, you don't have to worry about the usual 20 - 25% down payment and the loan can cover some or all of your rehab costs depending on the After Repair Value of the property.

All monies paid to Seller shall be retained by Seller as sole liquidated damages.8)COSTS OF IMPROVEMENTS: In the event the Tenant/Buyer exercises the option to purchase set forth in paragraph (4), above, and through no fault of the Tenant/Buyer, the Landlord/Seller fails to convey said property to Tenant/Buyer in accordance with the terms of this Lease/Option, the Tenant/Buyer in addition to any other rights which Tenant/Buyer may have in law or equity for the enforcement of the Tenant/Buyer's option to purchase shall also be entitled to reimbursement for the cost of all repairs, maintenance, and improvements.9)FURTHER ENCUMBRANCES: The Landlord/Seller hereby warrants that the total of the leases, options, mortgages, liens, and any other encumbrances against the property, whether of public record or not, are current, unless otherwise noted, and are as follows:__________________________________________________________________________________________________________________________________10)CONVEYANCE: The Landlord/Seller agrees not to lease to another third party, nor assign, sell, option, transfer, pledge, or otherwise to convey any or all rights or interests had by Landlord/Seller in the property or in this Lease/Option agreement.

So if something goes horribly wrong (litigation) are both (or all) my regular IRA and my self- directed IRA liable?

I want to avoid UBIT (Or all possible business taxes) so I am thinking the best way to approach this is lending him say $20K, secured by the cars he buys, and charging a loan fee of some type (like points or $1,000 per vehicle) Plus interest, for each car he buys and sells.

Essentially you could combine/cross all assets which are held in title to the same entity such as all the IRA properties or all the properties held in your natural name, like your primary residence.

As of right now it looks like I can be pretty flexible between September 16th through the 24th if any or all of y'all would like to get together for some drinks or something. 

a quit claim deed is a way of transferring title without going through a title search or all the associated closing costs. it would be in your best interest to do your due diligent on this property as well as get a title search as there could be liens.http://en.wikipedia.org/wiki/Quitclaim_deed

Or all the profits?

Hello all, I am about to close on my triplex that I want to get rid of due to issues like frequent turnover, repairs, and inadequate amount of meters (I paid for gas) etc.

Chaz Reid It's pretty much impossible to give you a good answer without reading the text of the email, or without more detail from you.Without publicizing some or all of the language, we don't know what you're reading, either.