I don’t have a lot of capital so was thinking about 19th ward or the historic district.

Good for your account in theory, but you really need to understand what is driving that cal rate for that area before purchasing a property.

He had uploaded screenshots of his bank accounts. 

However, after running the numbers accounting for insurance, PMI, taxes, vacancy, capX, property manager, etc. the property is estimated -1.85% cash on cash return (-$600/mo) once I fully rent the property.

When a self-directed IRA borrows money, the IRA account owner can't sign a personal guarantee.

You definitely want a system that pulls from their bank account automatically and charges the late fee the same.

@Lisa Mallory Did you get a tax accountant?

Finalizing a few things now but couldn’t i just use the one ipostal address for all instead of separate accounts / addresses?   

Below are some important things for you to be mindful when you have to file a partnership tax return1) A partnership return generates a form K-1 that each investor will need to complete his / her tax return.Will the accountant be able to complete the tax return by April 5th to give the investor/partner enough time to file his individual return?

Originally posted by Account Closed:Hi @Marc C.