I am writing this to simply help other people that may be in the position that I found myself.In January of this year, I went hunting for a new Property Management System.  

What I can't tell is if updating the plumbing and electric now will cut down on future headaches, or will the headaches be caused if we have a few hundred more to pay monthly in loans on the renovations. 

The cert of rental suitability simply looks for open L&I violations.

Interesting strategy, and in spite of my debt-averse nature I am simply curious about how they make it work.No cash flow, or very little.Let's say no maintenance at first and self-managers get to keep the management fee, leaving $150/month ($1,800/year) profit on a $50,000 asset.

Everything with underwriting has to go perfect and no issues with the property. 25% down is more realistic and even then might be pushed to 27% to 29% down minimum.Why can't you simply get a portfolio lender loan?

Know when to cut your losses.

Now they can use the bathrooms . i just bought me some time .So mondays project is to cut into the line , run the sewer snake then jet rod the drainfield lines to try and loosen things up .

What they have done with the LLC is pushed the custodian into a background role - simply documenting the IRA's single investment of the LLC, doing annual reporting and acting as gatekeeper for contributions, distributions and plan-to-plan transfers. 

They offer it in-person for a lower price, which I'd likely enjoy more, but I simply don't have the time to do it that way. 

If there were to be a downturn in the market, I'd simply let my option pass and the owner would take over the property and can sell at market value.