How much do you need to generate in investment income to either step away from your current job or do something you enjoy more but less pay?

@John C WaltonGood call on checking the transfer tax.

Check local courthouses or legal publications.Foreclosure Lists: You can acquire these from local courthouses or subscription-based services.Tax Delinquent Lists: Homes with overdue property taxes can be potential investment opportunities.

I'm just wondering how to handle the capital gain tax between me and my partner.

All six (6) lenders the owning spouse has contacted have stated that due to the way the property is titled in the SDIRA (75% SDIRA owned and 25% ownership in spouse personal name), the SDIRA would have to disburse the property totally from the SDIRA and deed the property into only the owning spouses name in order to provide a mortgage loan, HELOC, etc of any kind against the property in order to pay the spouse.

Do they pay on time?

Mohammad,Without knowing the taxes and insurance it seems like a good deal on paper.

It can be pretty complicated from a tax standpoint or it could be rather easy from a tax standpoint to implement.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

She has a tax issue.