I wanted to create an "Investment Sheet" that will outline the details of the investment. 

@Sam DalIn Pennsylvania, Living Will refers to the document that deals with a document that outlines what kind of medical treatment you will receive if you cannot give consent.

If it is a soloK you plan documents likely outline that you can make this type of investment, but you should check with your administrator first. 

Not necessarily explaining what I plan to do with the property, but outlining the risks to both of us.

It will serve as an outline for the types of properties you are looking for and what strategy you intend to use. 

The below article and link to PDF outlines the “Positioning Pullman” effort:$56 Million Pullman National Monument Overhaul Has ‘Turned The Lights Back On’ In Historic South Side NeighborhoodPositioning Pullman 2.0-opt.pdfThere are plenty of great neighborhoods like this.

I have always heard to 'think of it like a stock'....meaning if you sold a stock in that IRA, you would have the same tax consequences, as outlined above.

I have outlined the considerations below:1.

In December 2019, I had posted an article outlining 8 separate deals I put under contract (totaling over $1M in real estate) in 12 months.

@Justin Gomberg in my market I see most OOS investors doing exactly what @Kathy Henley outlined.