I would much rather have a slightly smaller but consistent return than a fluctuating 2%.You are establishing a fantastic foundation, keep up the great work fellow Floridian!

I am assuming you have established your rental criteria prior to advertising your unit as a rental.

I don't want to tell him to get out of the contract because I am new to this, but I'm pretty confident that this is NOT a good deal, especially since he is just a wholesaler.If it had been me, I would have tried to establish an ARV before anything.

I feel that if people invested more in others not just money or collection of money it would go a long way to establish a positive relationship between tenant and landlord.

However, you need to establish relationships first, there is no magic list.What is your purpose for finding IRA investors? 

Of course you also have to know enough about real estate in your market to be able to establish a good ARV (something I'm still learning) as well as enough about contracting/rehab to estimate repairs fairly accurately.

Under his leadership and guidance, MADE SPA, an organization established in the 1800s by his forefathers, continues to win construction contracts both in the private and the public sector.

Then, if you decide to set up an LLC, at least you will be able to establish one that is appropriate for your business.

Establish a good relationship with their S-8 case manager.

The borrower(s) may have initially purchased the property as one of the following:                  a natural person;an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust                           and the beneficiary of the trust;                        an eligible land trust when the borrower is the beneficiary of the land trust; oran LLC or partnership in which the borrower(s) have an individual or joint ownership                           of 100%.