I own a duplex and I have to choose to sign a new lease or Month to month or give 30 day.  

If you choose to invest in paid education, it becomes deductible as a professional development expense.On your card, ... 

I ended up choosing the bank that I did simply because they had more experience doing these types of deals.  

Any financing in your model would need to be non-recourse, which is going to be more like $40-50K that you could pull out.  90% of that would go to you and 10% of that would go to the IRA - you can't choose to leave the IRA in the deal and cash yourself out.If the IRA is involved, you cannot rehab the house personally and would need to hire that work out.The use of debt-financing with an IRA introduces a tax known as UDFI, which will not add up to much, but is something an investor would want to understand if they pursue a strategy such as this.So could you embark on a strategy in this vein and generate good return for your IRA?  

Choosing the right market is EVERYTHING.  

You have to choose between the above (putting more money in your pocket) and minimizing your risk -- you can't have it both ways. 

It was based on real life situations and you had to chose the answer that solved the situation so you had to know the concepts in order to know which answer to choose.  

Did you have the opportunity to choose your agent?

There is a good blog post about reasons to use property management companyFive Good Reasons to Use a Property Management Companyhttp://www.colonyamericanfinance.com/five-good-rea...But the question is, how do you find...

Assumption 1:  If the tenants pay their own utilities the expense ratio should be around 30% (in a well run park)Assumption 2:  if the owner pays the utilities the expense ratio should be around 40% (in a well run park)Assumption 3:  Do math for a 10 Cap-it works for any Cap rate you choose including  positive or negative*************************************************************************************************************************Net operating income=gross income - expenses Using the expense ration of 30%  => Net Operating Income*(1-expense ratio)=> NOI*(1-.3)Therefore:NOI/yr=(#lot)*(rent per lot per month)*(12 month per year)*(1-expense ratio)Cap Rate=NOI/Purchase pricedo some 8th grade algebra followed by some 6th grade math (dividing with a decimal)Purchase price=NOI/Cap rateTherefore:Purchase price{tenants pay utility}={#lots*Monthly Rent*12*(1-.3)}/0.1 =>84* lots * rentPurchase Price {owner pays utilities}={#lots*monthy rent*12*(1-.4)}/0.1 =>72*lots*rentThere are the 72/84 numbers derivedIts not rocket surgery.