Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.Don't buy in the roughest neighborhood in the urban core.

@Will King, here’s a couple things to consider, first, ensure no liens on the property.

@Toshiki Hoshino This might be pretty obvious but ensure your SD IRA has cash reserves for the deal.

Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.Don't buy in the roughest neighborhood in the urban core.

Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.

However, if you have other resources (e.g. cash, income, stocks) that you can rely on to ensure there isn't a default that helps the situation.

I am going to do everything in my power to ensure he gets a fair shake.

Do that well and you have yourself a good start.You should also make sure to check your state laws and make sure you speak with your real estate attorney to ensure you operate legally and ethically.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.This article goes into a lot of the considerations about whether to form an LLC or not: https://www.mmpph.com/wp-content/uploads/2019/04/May-2019-newsletter.pdfCreating an LLC in California would cost you a minimum tax of $800 every year.

My partner and I would like to ensure we are not advertising the property specifically but rather the contract.