If you'd like to see what we used, msg me your email and I'll send it along.Some things to consider are not paying until moved out and all keys returned, stating that the property must not be damaged or otherwise change overall condition between signing and vacancy, property must be "broom clean", all possessions left behind are forfeit and will not be held, all tenants regardless of whether they are on the lease must vacate including pets and animals. 

If the answer to any of those questions leads to you, that would require you to have at a minimum a Salespersons license in MO (held by a Broker**).

@Jake Johnston I think what @Jd Martin is eluding to is that with the construction (or maybe you are referring to a purchase/renovation loan) loan, the money for the repairs is held in an escrow account and you have to jump through a bunch a red tape just to get draws. 

After all the fees, he won't lose money at $470k) and held firm. 

I am really most interested in trying to pay down debt that I already have.Other things I have heard about are self-directed IRA's where title to a property is held in the name of the IRA. 

Question: when the lender re-visits his file, how likely is it that they will notice/care that the title is now held by the LLC?

I’m naturally a cynic so when I hear about people spending 20 grand to buy into a dream and attend a RE seminar I think “ how can anyone be so stupid and naive to pay this Ludacris amount and have their hand held because they are scared “ the other side of my brain says “!

This section prescribes rules for tracing debt proceeds to specific expenditures.Treas Reg §1.163-8T(a)(4)Treatment of interest expense(i)General ruleExcept as otherwise provided in paragraph (m) of this section (relating to limitations on interest expense other than the passive loss and nonbusiness interest limitations), interest expense allocated under the rules of this section is treated in the following manner:(A) Interest expense allocated to a trade or business expenditure (as defined in paragraph (b)(7) of this section) is taken into account under section 163(h)(2)(A);(B) Interest expense allocated to a passive activity expenditure (as defined in paragraph (b)(4) of this section) or a former passive activity expenditure (as defined in paragraph (b)(2) of this section) is taken into account for purposes of section 469 in determining the income or loss from the activity to which such expenditure relates;(C) Interest expense allocated to an investment expenditure (as defined in paragraph (b)(3) of this section) is treated for purposes of section 163(d) as investment interest;(D) Interest expense allocated to a personal expenditure (as defined in paragraph (b)(5) of this section) is treated for purposes of section 163(h) as personal interest; and(E) Interest expense allocated to a portfolio expenditure (as defined in paragraph (b)(6) of this section) is treated for purposes of section 469(e)(2)(B)(ii) as interest expense described in section 469(e)(1)(A)(i)(III).Treas Reg §1.163-8T(c)(4)Allocation of debt; proceeds deposited in borrower's account(i)Treatment of depositFor purposes of this section, a deposit of debt proceeds in an account is treated as an investment expenditure, and amounts held in an account (whether or not interest bearing) are treated as property held for investment.

Tammy, I see several disadvantages to combining the properties into a single tax parcel.1) if held in separate entities, your liability is limited and you have significant asset protection.2) individually, you can borrow against the properties either through refinancing or Heloc.

It could be that they are preserving their liquid capital for their own deals and I get that but what is the reason for the self-directed (solo) or QRP funds being with held?