This gave me an idea on how to pitch the selling points (what most liked) and gave me time to prepare to addressed the dislikes.

Read your lease as this should address what happens when rents are late.

But I would not have my OWN info memorized to fill out an application with phone numbers and addresses and all, so how can I expect less sophisticated people to?

I checked with Satchie Carvounis at Security Trust and she confirmed that: No the IRS rules don't address this situation, it simply states that the IRA can't engage in any transaction with a prohibited party.

Personalize the addressee and property address for best results.

I was under the impression that this property had been abandoned for 10 or so years (needs demo'ed), however the Recorder of Deeds office tells me that the tax bills are still sent to that address.

Mitch, Although I appreciate you inpute, it does not address my question.

I'm not familiar with any on line title search or appraisal entity, except to look up valuations and see that their values were way off, like Zilow.Some may be missing what a title search is or does, it has nothing to do with assessments, valuations or taxes other than to see that taxes are current.COnsider when looking at anything on line how they would address this one issue:Mary and John were prior owners jointly and later get a divorce, several years later they are divorced and the decree is filed and John sells the property to Bob and Betty who get title insurance but had an exclusion in coverage as to liens or encumbrancs not shown of public record.

I realize this is a 5-year old chat, but the answers here need to be addressed.

Once you've purchased the home and addressed all the major items, and you're confident of the maintenance record of the home you can come up with an estimate for your repairs.