Hello,My property manager is asking us fill out a W-9. 

All tax attributes of the investment itself belong to the IRA.

If a taxpayer does not satisfy section 6.01(1)(a)(i) of this revenue procedure for an item of depreciable or amortizable property because this item of property is placed in service by the taxpayer in the taxable year immediately preceding the year of change (“1-year depreciable property”), the taxpayer may change from the impermissible method of determining depreciation to the permissible method of determining depreciation for the 1-year depreciable property by filing a Form 3115 for this change, provided the § 481(a) adjustment reported on the Form 3115 includes the amount of any adjustment that is attributable to all property (including the 1-year depreciable property) subject to the Form 3115.

Alternatively, the standard third party manager is incentivized to increase revenue and only control expenses to the level of NOT being fired.  

@Gregory HerbertThis is why you use a property manager….I don’t want to be a pilot, a doctor, a plumber or a roofer - thus I hire them to do the job I need done.

And we were bidding on a foreclosure in N> CA and we needed a cashiers check.. went to the counter next thing I know the manager is coming out and taking over.. thats one whale of client they get completely different service.

No matter how great a 1-person manager is, even with staff, you’re one personal issue away from major problems.

Hi Ms Pamela, I am an experienced property manager I would love to assist please pm me

@Shawn ChervinskisThere can be no direct or indirect benefit between you and the plan, and the fact that you would occupy a unit of the duplex is a 100% deal-killer for an IRA or 401k.You could use a Solo 401k to purchase a property held entirely by the 401k, and to which all expenses and income are attributed to the plan.A 401k (or IRA) can use non-recourse financing, but typically non-recourse lenders will want to see more like 35-40% down and a minimum of 10% cash in the plan for reserves.

Kudos to you if you're successfully managing your properties remotely, but I think a quality property manager is worth the investment.