The problem is that the administrative overhead is complex and those are not always the best vehicle for non-traditional investments.In the Solo 401k format, plan administration is greatly simplified, since you are not managing anyone else's retirement savings.  

I want to purchase a commercial property (5-20 units) and want to know of the pros & cons of operating there: tenant pool size and quality, administrative burden from the Borough, inspections, and necessary licenses or certifications. 

He has some experience with real estate investing due to his good friend who owns over 50 properties that he helped manage, he is also very good with numbers, he is a financial administrator at one of the local schools.

If you are using funds from an IRA, the Third Party Administrator will collect the monthly payments and deposit them into you IRA account.

The operating agreement (which must be a custom agreement - no getting around that) for the master LLC states that the management entity of the master will also be the management entity of each series, unless otherwise noted in the individual series agreement (which must also be customized at least once).The members of each series consist of one or more of the following:The investor(s) funding this particular series, andThe person(s) providing rehab/remodel labor to this series, andThe person(s) providing administrative functions (management - already covered)In addition, there are so many other provisions to be worked out that it isn't even funny, nor can someone attempt this on their own.  

If you really feel like you are getting scammed you can contact the VA administration and file  a complaint.You can also file a complaint with the Realtor association if you feel like your realtor is not doing there job.Good Luck.  

I would speak to a bank that does FHA loans and discuss the PMI and the fact tha you Bankrupcy is over 2 years old:Get an FHA loan – Federal Housing Administration (FHA) home loans enable home buyers to get a home with less than 3.5% down.

I manage my own properties because the requests and administration are sporadic and the volume is easy for me to handle.

I easily found the name of the person that passed away, the Administrator and their address, but I cant find the address of the property or the name of they probate lawyer.

It does not and can not supersede state laws, municipal ordinances and administrative regulations.Some of the many extremely problematic examples a forum search will reveal:"My tenant has gotten a service animal when my lease has a no-pet clause!"