Hey guys, thanks for the replies but I understand how an LLC protects me personally, what I meant to ask was, Is it more difficult to sell the property if it's held in a LLC, and also I was listening to one of the Rich Dad Poor Dad audio books and I heard something about, if your accountant tells you that you don't need a LLC, get another accountant.

From everything I have learned on BP, I believe he lied or that he meant I had to wait a year to refinance if staying with his lending company. 

What I meant was instead of putting money into my IRA every year, just take what money I would put in and invest that into real estate.  

I guess I meant pmi, not pi.

Yeah Bryan you can do that; if you were to wholesale to another investor, it's what he would do (rehab it and either sell it or rent it out) - so you can elect to rehab it yourself and then sell it although generally when dealing with "family" they may feel "some type of way" about watching you flip this house and make ALL this CASH... 

Maybe I wasn't real clear but I wasn't meaning rent to own, I meant owner carry or just straight cash sale.

@Patrick O'DonnellWhat I meant to say is that @Mark Ainley is a good person to talk to about Chicago and the suburbs.  

i meant the spamming on the website

The ideal situation involves the buyer signing a purchase agreement for the property, then the plaintiff in the partition action electing to purchase the whole interest in the property at its court-appraised value in order to consummate the sale.

Many individuals elect to self-manage SDIRA owned real estate in an effort to avoid paying for property management.