They ended up with no help, and less money in their bank account.  

This is a very common way for people to investing using their retirement accounts.

If you enter a neighborhood and you immediately lock all doors from the inside, and check to make sure your gun is loaded, you are in class D no doubt.On the other hand, most class A+ neighborhoods as you drive through you cannot see the houses from the street. 

There are several other issues (undisclosed maintenance markup fees, excessive charges to our account, significant reductions to agreed rent without communication, etc).

I think the LLC also makes it easier to open a local bank account, which is convenient to pay utilities or other local bills or your property manager, etc.  

How would this be accounted for for general accounting and taxes?  

But you also need to check on them for updates so you know how your property is doing financially.

Also, check to see if you can find lenders with low or no closing costs.Curious—what’s the partnership you’re looking at?

This let's you hold all adults accountable in case of lease defaults. 

Now that we are 10 days from closing, I am talking to loan officer to get the Closing Disclosure so that I can know the exact cash to close (I need to move money from brokerage to bank account) and he is mentioning about 2% IPC limit.