(I am not a lawyer so none of this is legal advice but have seen similar situations occur). 

I do think its more effective because you get to see whats out there. 

(you know all the things we using in running effective and efficient private companies) it would be a different story. 

Can a lawyer do this or this has to be done by an accredited IRA accomodator?

Who is the Lawyer against them? 

Is this something I should hire a lawyer/other professional for or can I just do it myself? 

Net effect, typically, means distributions are not taxed in current year, but do lower your basis resulting in larger tax bill upon sale.Depreciation reflected in the net gain/loss from rental box on K-1.  

@Brittany Farrell You may just have to proceed with your lawyer and see what happens.

Most come out ahead over an extended period of time by buying better quality assets where they perhaps have to leave some capital in the property but find themselves able to sell for real gains or refinance out appreciated equity and scale more effectively that way. 

The Austin metro market is approaching that territory.Here are the full stats for Austin and the greater metro:On the rental front, a recent Redfin report placed Austin atop the list for the largest year-over-year decline in median rents among US metros:Appropriate rental pricing and high-quality marketing are vital to navigating the current leasing market effectively.