BofO offered me 7%, no closing costs and a 75% LTV.Or that was the deal until the understood that the banks are owned my my LLC and not personally.

So do you think I should repay him my share of down payment later and do 50/50 in the money left over from maintainence OR I should do 50/50 in the money left over from maintainence and make it clear to him that his intial down payment (25-30 percentage) will not be shared later.I haven't understood when you mentioned value of repairs ?

Hi @Mysonne Johnson Self-directed IRAs may sound intimidating, but if they’re properly understood and managed, they offer great freedom.

I've never really fully understood the numbers on buying low, investing repairs, and somehow getting the investment back out by securing a new mortgage and renting it out.

My applicant knew and understood the rules of the lease prior to signing, and knew the HOA approval timeframe.

The buy, rehab, rent, refinance,  and repeat is understood what's not is the potential of refinance.

I was struggling trying to wrap my head around the double-taxation aspect but I think I've understood it now.

Understood, makes sense. 

Consolidation exchanges are common and can be a very powerful tool but the requirements must be understood thoroughly.  

I have never understood.