Using a tax pro will give you someone with the knowledge and expertise of all the gaps in your understating of those tax issues. 

It is legal wording, but generally understable if you read it a few times.

@Kelton Johnson  Know nothing like that its not misleading its keeping up with the JONE's. if one turn key company understates cost by 0mission.. then the other turn key product does not look so good.. and since many buying turn key are new investors they gravitate to numbers they see and remember..

Exception: Extended to 6 years if secured note is acquired by the FDIC as receiver or conservator of a failed financial institution before collection becomes barred under state law; additional 2 years also benefits assignee who acquires the note from FDIC [12 U.S.C. 1821(d)(14); Jackson v.

My go to is "understated" by Behr (light tan)...

they're not easy, the deals are difficult to find, and some of the info on BP oversimplifies the process and understates the expenses. 

The loan terms must be compliant with and enforceable under state usury laws, you want the IRA's note to be properly recorded and secured, etc.As a Californian, you probably want to look at alternatives to a checkbook IRA LLC such as a checkbook IRA trust or a Solo 401(k). 

This may include installing a wheelchair ramp to make the rental property accessible for tenants who use wheelchairs or other mobility devices.However, whether the landlord is required to install a wheelchair ramp will depend on a variety of factors, including the landlord's obligations under state and local laws, the nature of the rental property, and the specific needs of the tenant.

it's an expensive method, and the costs often get understated on BP.

So the numbers are all relative to your income, risk tolerance [if you will], and your end goals [gaining experience, moving back to one of these properties, the fact that these units generate very little drama bc of the price point - which cannot be understated!