They "party" (slamming doors, talking ludly, and throwing up in the bathroom) until 5 am.

The IRA owns the LLC and you can act as manager.In both cases, there is a legal entity under the umbrella of the plan that you control and use to invest, without the need for 3rd party processing and per-transaction fees.On the investing side, the 401(k) offers one advantage, which applies in the case where you might use mortgage financing for the plan to purchase a property.  

The part I don't yet understand is that if I had a tenant paying my mortgage for me for years, and it ALSO gained equity, how I am so far off any ROI. 

Unfortunately, this is the primary reason I do not use third party vendors for rent payments, and I have posted on here a few times about this (usually when someone posts about a fraudulent clawback), despite the throng of enthusiasm for the continued use of these methods.Each one of my tenants is given a pre-designated bank account (idenitifed in the lease) to which they deposit rent. 

That's the only part I really care about.

And of course, there should be an age limit to who can book, and the pricing should be high enough that parties move on to other properties that are less expensive.

Deals where you are dealing directly with a private party.

Most 3rd party PM companies have a spend limit that they are allowed to spend without ownership's approval to avoid delays in operations.

**Parties Involved:** - **Borrower (Trustor):** This is the property owner who is borrowing money to purchase or refinance a property

They are in violation of copyright law and shouldn't do it.This is straight from the Chicago Association of REALTORS website:A reminder that the Chicago Residential Lease, and all of CAR’s forms and contracts, are an exclusive member benefit for use only by Chicago Association of REALTORS® members or those who are party to a transaction facilitated by a Chicago Association of REALTORS® member.