If you “manage” the real estate ie pick the plumber, electrician, painter, contractor tenant ,etc and all are paid by the Ira-is that considered prohibited- I don’t think so.

To be honest I actually sort of like the reputation Loopnet has of being "where deals go to die". 

That is not a bad thing, but you will need to work harder to find something with a little meat on the bone.Another option is to work through a reputable wholesaler and find something "lightly distressed"....more of a cosmetic rehab. 

Hi @Carol Schmidt,The AC brand with the best reputation now is Rheem.

thank you guys for your reply...yes I'll wait until deed gets transferred to my name...also, when i turn water on, I'll make sure that i have a plumber and 1 or two other ppk with me.i hope that since this is middle unit ob brick row houses without basement, it should be all right...but better to have things ready...also to have electric on before water.

You will develop the reputation of someone who doesn't close on deals which is the worst thing to be in the acquisition world.  

Here are my recommendations: Plumber Henry's Handy Men Donna is the point of contact and extremely responsive and organized. 

Especially in the case of a condo, then you just need to check email / phone calls from tenants and send out a plumber, electrician or handyman if there is a problem -- no need to swing the hammer yourself if you are self managing.

Another part also is reputation.

Without it you won’t get far.Not sure how real estate got the reputation for investing with no money but all investments require money, otherwise it’s just a job