I highly encourage everyone to view the property before putting money down, but that's not ideal for many of them, so I do allow them to rent "sight unseen," but I am very open with them to ensure they don't show up and back out.1.

A lot of BP Pro Members are landlords so they need a software to manage those properties, so the RentRedi Perk saves members around $360 in software costs. 

I wasn’t aware of Ale solutions so thanks for mentioning them.

So either you pay for the repair out of the idle cash in your account, file an insurance claim and use those funds, or rollover/transfer funds from another retirement account to cover the cost. 

You can also build a single family home or a 2-4 unit multifamily so its really up to you and what you are looking to accomplish.

He would probably not pass my background check (you don't mention his crime), so I don't care if he is moving in with Mother Teresa. 

To me personally as well I found it was more important for what I do to cultivate commerical bankers and those relationships so I could get access to bank rate capital and lots of it !!

I help line up lots of financing for STR so I'd be happy to walk you through the process and what is expected.The drawbacks of STR is the management of it. 

Of course it is very important to do proper due diligence on the investment and the operator.As far as self-directed IRA there are number of companies offering such service, this topic has been discussed here on the forum many times so you should search using this keyword and learn from those discussions.

I currently work with investors who are looking to invest SFH/LTR that are turn-key ready and manage for them on the back end, so I see a lot of benefits in that market across the board.