It’s down a small road.  

If the seller already has an agent, the agent is his/her legal representative so it's better to deal with the agent directly than the seller.

During that time I've often described the multifamily market as a traffic collision at a 4-way intersection where you had (lack of or negative) rent growth coming from one direction, and from the other directions: cap rates, expenses, and interest rates. 

I will probably use something different next time . . . maybe work directly with Transunion. 

These accountants believe that purchasing from a related party is fine as long as it is an arms- length documented market-consistent transaction.   

How does acquiring compare to renting a small office or sharing office space with another business in that market?

A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.

But as long as its not directly in the flight path, it will be okay. 

Quote from @Spencer Thomas: Quote from @Dominic Mazzarella: Quote from @Spencer Thomas: View report*This link comes directly from our calculators, based on information input by the member who posted.What do you all think of the deal and how I analyze it? 

If you had $50K in a Self direct IRA how would you leverage that to yield short and long term dividends?