While it's unlikely we'll have another event like this in our lifetimes, it could happen and so it would be good to hedge against it.I think you just have to decide how balanced of an investment portfolio do you want to have. 

Is it difficult/impossible if you use only one bank account?

If the partner does not know what your likes, dislikes and pet peeves are then it makes it more difficult on the relationship. 

Will the potential buyer ask to see the numbers and ask for verification (thus making it difficult to prove the numbers for a future owner)?

So at that point a balloon payment for the balance (10 years) is due. 

As long as you do pay the balance plus the late fees on the 6th there should not be any further issues.

But it's not a large market (c. 70 property transactions all year) and incredibly tight right now (less than 1% vacancy rate), so very difficult to find sellers who are motivated to take a discount.

Pual,We as a Nationwide Non Recourse lender require as a part of our underwriting terms that the IRALLC (or any SDIRA that is borrowing funds to purchase rental real estate) have and keep at least 15% of the loan balance liquid in the IRALLC for as long as the IRALLC has a non recourse loan in place.

Hi Todd,Can you post details like your loan balance, P&I payment, etc etc? 

Hello BP, I recently won a bid on a property at the Franklin County Sheriff's auction, at this auction you make a downpayment and pay the balance after the confirmation is filed.