regarding Elizabeth v's comment, the operating agreement will spell out the details of the partnership agreement and terms regarding profit distributions.From my experience of setting up and creating llcs for  our private holdings, that's the first step in shielding yourself.  

We spell everything out in the lease and so far no issues with doing it, people are happy because it feels like less money when ultimately it is more

Common sense is not common, so spell it out in your lease.

Just some off-the-cuff observations.I’ve worked for fortune 500 companies over thirty years now as an Engineer that’s why I can’t spell ;).

Trulia and Zipley and rent 0 meter for rent info are sites I have used (not sure of spelling) also google zip codes to get demographic info.

NEXT.It is cut and dry and you need to spell out your criteria personally in order to determine what you want.

Your cleanest option is not to loan Joe the money under a note, but for your SDIRA to fund and own the property with a Joint Venture Agreement spelling out profit/revenue splits to Joe.

These are the type of repairs that happen on a regular basis.The IRS has spelled this out in some detail.

HAPCO has some really good documents that spell out the Philadelphia regulations that a landlord must follow.And if you are getting a PM, the HAPCO newsletter has some PM advertisers - but there is one PM advertising in the HAPCO newsletter that you would best avoid; I can tell you that privately if you need to know.

I'll be sure to spell out the precautions you've spelled out so that he doesn't cause any structural problems by his digging.