I am using my self-directed IRA to purchase my half.

I am using a new lawyer for a Short Sale we are under contract for at the moment. 

Even with that you never no so in the future , I will have a backup property manager in case the one I am using keeps a house vacant too long.

I am using it for a friend that had a non-performing property near downtown Cleveland.  

Do you know if I can use the same Title company that I am using to close the sale in Michigan to hold my money?

I am using MF painting/cleaning, flooring and supply vendors on turns and they are very efficient, affordable and nothing like dealing with subcontractors.  

I just bought a property in Indy and I am using Barratt Asset Management.

So i am Using the GI bill to pay for college, but I also got approved for $6,300 this year in financial aid (Pell Grant/Federal Supplement Grant).

My question is, if I am using my cash flow to make payments on this personal loan, would it be possible to deduct this from my property income?

The deal is as follows: Eightplex in Hickory NCAsking price $210,000 (trying to get it down to 150-170k, but am using 210k for the numbers) Gross rents: $2,900/month or $34,800/year (Between $330-400 a door) Tenants pay all utilitiesI am requesting a 1040 schedule E and the T12's from the seller, but for now am forced to use the 50% rule. using that, operating expenses are $17,400 NOI: $17,400Cap: 8.28 Debt Service: $8,700Equity Dividend rate: 16.5% The area isn't great or terrible, probably a C or C+ area.