They pay me utilizing their Banks bill pay option or transfer option.

Hi Michael,You are getting the numbers turned around.If landlord does not pay utilities such as water etc. then you use 50% costs but if utility is paid go 60% costs.NOI is before debt service and NOT after.

If you hold the property for 3-6 months, that's roughly 3-6% (or 1% holding cost - that comprises of house payment + utility payments + taxes and insurance)If you add up all the numbers, you have...13-20% COSTS or you will end up 80-87% of the sales price.

Quickbooks is the best especially if you utilize the class system.

That would be adjusted up for landlord paid utilities.

you might go down and see the plat in person, to look for easements (utility or someone else's driveway), and who or what is/will be on the adjoining parcels.

They will also pay Utilities.

Does anyone have this arrangement set up or had in the past that can give me advice as to whether this is a "safe" method for utilizing IRA funds?

The landlord can receive that full voucher amount if the landlord is paying for all utilities!

While I do think there is a lot of learning that happens outside of the classroom and I would hate to see things like clubs, sports, recreation, etc. to go away, it does make you wonder at what point will students start realizing that they really are throwing away a lot of money?