Depends on the title report/property history.

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Did you get a title report on the property?

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They can generally recommend a TPA or custodian that they are comfortable working with.A TPA (Third Party Administrator) will provide you and/or your investors with a self-directed IRA account, handle the flow of funds, and file reports as required with the IRS to maintain the tax-advantaged status of the IRA. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Hello BP this will be my first deal, and I would like a second opinion by investors in the Omaha NE area, any and all input is welcome!

Normally, you get a Title Report for $60 to $100 and if the transaction goes through you convert it to Title Insurance.

LLCs can choose how to be taxed – either as a disregarded single member entity (where the tax reporting flows directly onto the sole owner’s personal return) or as a multiple member partnership.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi Everyone,I am new to the BIggerpockets, and this is my first analysis.

@Beau Shaw I see you are in Orient...where are you focused....If your agent is an investor, you should have very solid financials and comp reports run...and much more...so making the decision to move forward should be very clear...either it makes sense or not.