@Tim JacobThank you so much for your response.

Its my understanding that the individuals are responsible for all the legalities, contracts ect to make it safe not to get ripped off. 

@Nadir M. our lease specifies the resident is responsible.

And one more question I've worked with 3 REA thus far but so far none of them communicate timely (it usually take 2-3 days to get a response even when I'm letting them know I want to offer on a property) is this common?

Both tenants are responsible for the damage caused.

Thank you so much your response. 

But then, if other people invest with them and lose money as a result, I'll feel partly responsible for not having warned people.You have already invested so my message was mostly addressed to everybody else to remind people them of the importance of doing a proper due diligence.

Plus you still have to actually underwrite the entire deal (purchase, construction, carry, etc to develop accurate CF/profit).

Here’s a concise response for the post:As a CPA who’s been doing accounting since 2013, I always recommend QuickBooks Online for real estate investors because I find it to be the most user-friendly.

I had a response on a previous post this year about what the private lending restrictions will be here --> https://www.biggerpockets.com/forums/22/topics/1174919-bough...Here's a re-post of that information though:------------------------------------I do have a DSCR lender who can assist with a limited recourse loan that will close in the name of a self-directed IRA.