The other concern I have is service life. 

However, depending on local regulations and the type of rental you are doing, you may need a business license.

Eventually she just sold the contract for $50k cash (all profit to her) when the RV park sold.  

Quote from @Marshall Stanek: NEVERMIND.....I found it by digging into the different Forum Category drop downs.FORUMS > Events and Networking > ClassifiedsThis is the only place you can market a property for sale.

The residential lease market in Washington, DC, from January 2024 to January 2025 has experienced some changes:Units Listed: The number of units listed decreased by 78, a 15.92% decrease, from 490 to 412.Listed Median Price: The listed median price increased by $175, a 6.19% increase, from $2,825 to $3,000.Units Leased: The number of units leased decreased by 58, a 19.86% decrease, from 292 to 234.Sold Median Price: The sold median price increased by $100, a 3.51% increase, from $2,850 to $2,950.Summary: A decrease in units listed and leased indicates a reduction in supply and demand year over year.

So, lending to a partner with a mortgage secured by the storage property, or having the IRA own the property and lease it to a storage business would likely be better approaches in an IRA.

You have to understand the market, neighborhoods, numbers, and realize the risks involved buying houses "sight-unseen".

If the latter, then that should come out of the $2,675 in revenue right?

🚨The Queensbridge Collective is set to transform the skyline with its first tower opening in late 2025!

What was the extent of the rehab for these?