Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.  

@Tatum Littleton, I appreciate your welcome and reassurance that we are choosing a good starting place. 

Search for properties in your area as if you wanted to find a place like yours.

There are places that are tenant friendly and then there is California which is at another level completely.Have you thought about buying elsewhere? 

Send it by US Mail with proof of delivery required and/or place it in an envelope with their name on it and post it on their door. 

It's an amazing place to learn and grow in real estate.

I heard North Tonawanda is good place.

The note from the first seller is only $88,600 so you have more than enough equity remaining to place it in second position which leaves $61,400 in equity on the new property or about 4%.The first seller continues to receive payments and has sufficient collateral to cover the note. 

You’re in the right place, and it’s great to see your enthusiasm about getting started in real estate investing.

Then you can start seeing other places just on the MLS when you get this strategy down and knowing what rough numbers will be, but it is always mandatory to get a full amount of rehab costs to get the GC into the property.