IRA becomes the 100% owner of an LLC, or potentially multi-member LLC with multiple money sources, and the account owner of the IRA is the manager of the IRA owned LLC.

The podcasts are a great source of information but lean on these forums whenever you have questions.

They can be a great source for tenants, but the world of people traveling who need furnished rentals is much, much larger than just traveling medical professionals.

It'll require technology and different inter-state policies in regarding the agreements of sourcing.

That’s another reason to hold off on an offer, since there's no proof of cash to close yet.As for the HELOC funds, I'd proceed cautiously with borrowing from other sources if you’re not yet certain the loan will close, and I’d double-check if your application has been officially approved. 

@Marizel AshbyBelow are the top things I will recommend you focus on if you don't have at least $30,000 in your bank account or you don't have access to that kind of cash from other sources:1.

Barryville is a small town with limited sources of income.

Most brokers will want to protect their exclusivity on an off-market deal, as they put in extra effort to source it directly for you.3.

So, investing in a market you don't know is like saying: I am going to open a retail business without knowing what product you will sell, how to source the product, or who your customer is and what drives them to purchase.  

If the tenants have a pet, like a dog, it’s worth discussing, as pets are a common source of fleas.