If you can find a worn out, tired landlord you may be able to negotiate his monthly rent cost by giving him a "worry free" lease meaning guaranteed payments on the 31st, no repairs in the middle of the night, no one calling him fussing about stuff, basically eliminate most of the hassles of the typical landlord position.

I located a hard money lender that also utilizes his IRA in this manner, that agreed to loan the IRA a non-recourse loan (eliminating the IRS restrictions) in order to do more properties since I had been funding the purchase and repair 100%.This leads me to my question.

And this money is not taxable, and you can also later do a 1031 tax deferred exchange and eliminate your capital gains on that specific property.Also, this effect is compounded if you want to take you new equity and cash out refinance and use that as a down payment on a new property, and simply keep that cycle going.

It was so bad that the realtor finally told me that we should eliminate this property because she's not sure of where it is located!

i am hearing that many park owners are eliminating seller financing of homes.

But, neither of those eliminates the need for a good liability policy.

A good GC is worth their weight in gold.After auditing the books, I would probably try to work with him assuming it didn't eliminate my ability to make a profit on the deal and I wanted to work with him in the future.Honestly though, your biggest risk isn't with the GC, it is with the subs.

Does anyone think I should keep them or am I being too hasty to get rid of them especially since they are making a good profit.It's all up to what makes you comfortable at the end of the day.Life is too short to worry about things -- you only have so many days on this earth to be happy, might as well make the best of them.If you like the profit but hate the problems, then it's just all about eliminating or reducing the problems.

Due on Sale Clause, where the loan can be called fully due and payable, is one of the pitfalls, and the DOS issue can be mitigated but not eliminated.

Obviously, dealing with a direct lender eliminates the "miscommunications" possible in dealing with a third party intermediary.