I have rental properties and the property management company direct deposit my rental into my bank account instead of naming the properties by address, she just put the property management company name in the additional income.

Many of them charge an additional fee over 10 feet, and some are scammers just looking to get in your house and try to tell you that you need a whole bunch of other services (that they can provide for an additional fee).  

Here's how it plays.Asking price 6.999mNegotiated sales price 6.7mNegotiated closing date Nov. 30thBuyer wants additional 60k in misc reparations i.e. mold, dry rot, termites, etcWe accept counter but want Oct 31st closing due to the timing of a 1031 exchange app.Stay tuned for the next exciting chapter after our teleconference this morning.

If you have equity in the property you need to deduct a 10% return off the top of the rent as a additional expense otherwise the equity is being wasted.

Honestly, I don't think I would close more deals with a contract in hand anyway because most want some time to think about it and it's not my style to talk them into selling.You can use a state approved contract for your deals or have an attorney draft one up for you.  

I work with a lot of different attorneys in the area because I'm a Realtor in addition to being an investor, but John is my attorney.

If you need income now - consider buying outside of an IRA in addition to SD IRA since you will not have access to those funds till retirement.

The property would be a good addition to my portfolio but I am not sure how to accurately estimate the value due to the poor record keeping by the owner. 

I probably should also have mentioned that I renovated my own home, completely, including a second floor addition back in 2005.

Owning a home is a life style choice not a investment.