I would pay them part of mortgage (still discussing amount), keep some of the rent to pay back my initial investment with interest for fixing up the place (still discussing amount), and......I don't know.It's still in the planing stage, but they're very interested.

Again, I am new to renting and this would be my first step into it.  

I have never rented anything before, so this is my first couple of steps into this, so I may be asking massive amounts of questions about that soon. 

You just need to get in touch with your SDIRA investment representatives and will let you know the step by step process. 

@Greg H. as a follow up question, have you had any experience or success w/ getting water turned on to a property where HUD's initial stance was water may not be turned on?  

Alright, so I get a lot of questions of how to successfully do a Yellow Letter Campaign and these are the steps I take. 

I'm starting to think perhaps our picture quality could be what's hindering that initial push to get them to walk.  

I'd taken it even a step further, be suspicious, take a look, due your diligence, verify then trust. 

Flip2freedom episode 77http://www.flip2freedom.com/a-3-step-formula-to-a-... - LISTEN TO THIS TODAY!

For expenses, you could start off using the 50% rule (assume expenses will equal 50% of your rental income) for initial analysis, but once you're doing serious due diligence, you can do the following:-Look up the property tax rate on the county assessor's website-Contact insurance companies for estimates on insurance-There are some rules of thumb for estimating regular maintenance and cap ex costs.