My current property management company is Enterprise Property Management in Cordova.

Hello Bigger Pockets, I’ll cut to the chase and keep it short. I am in the process of securing funds to start my investing journey and I sat down to discuss it with my CPA before my wife and I make any purchases. She ...

Bought a 3 bed 2 baths 1400 sq home in Enterprise AL for 97k and ARV should be roughly in the 130-140 range.

*we were promised a copy of the examples given of the system used to find and how to walk through it, but on Saturday there were no copies or no mention of it*THERE ARE TWO MASTERY PROGRAM PACKAGES ONE FOR $30,000.00 AND ONE FOR $50,000.00.The only system you need is to find is an honest agent (always, always, always check the comps in the area..that is where I dropped the ball and I trusted Enterprise Realty and Carolyn Washington and never checked the comps).The second thing needed for a successful system is a great real estate attorney and Attorney Karen Walker was amazing, she urged me to get an inspection, if I had listened to my attorney and spent the $400.00, I would have never rehabbed that property and not taken that hit when I sold it.The third item needed to have a successful system is a good general contractor, make certain you check the better business bureau, Yelp, Google reviews do as much research as you can before you retain and if you find a good one still check the status everyday by going over there to the property.I will update this post with the name of the book I read.In closing, Fortune Builders is a SCAM, why do you need to pay 30-50,000 and still have to pay for your property, general contractor, attorney and materials!

Investment Info:Single-family residence buy & hold investment in Enterprise.

Yes, we do have a property manager (my W-2 job is Enterprise Sales, so I travel some and also have 4 kids under 7, so life can be a bit nutty sometimes) :-) But the property manager is outstanding, and renting to the demographic that we do has created 0 problems the last 3 years. 

A special note, if a home owned by an LLC or trust is used as a commercial enterprise (income generation or business enterprise), the LLC or trust will need commercial coverage.

I would not put a dollar in any building enterprise, and I do not think any other sagacious businessman would.Senator Copeland.

This runs the risk you will be treated as a common enterprise and jeopardize your separate asset protection benefits of the LLCs.

So, if you and another person have existing personal partnership or joint venture enterprises, having your IRA transact with that person could be questionable.