I own two properties here in Texas.

Joint ventures entail utilizing your own money to buy properties with others.

Looks like you made a good decision with property management.

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

This is the only property we’ve ever seller financed, in case that clears up any questions you have about Dodd-Frank compliance implications.

So, I don't think they would be able to stay.There is currently no loan on the property. 

We closed on our first property on November 15 and plan to employ the fix-and-flip strategy. 

I am a rookie investor hoping to purchase my first property within the next 90 days.Kwanza Hi Kwanza,The first thing you'll need to decide is whether or not you want checkbook control of your self directed IRA. 

Consider offloading an underperformer, or a high equity property and getting better, larger or more assets.

If you were able to increase the value of the property significantly after the rehab, then you could bring the deal to a community bank  to refinance and take the hard money lender out.You keep all the equity and don’t have to file a partnership return for your annual tax return, which can be costly.