If someone is walking down the street and trips on your sidewalk or a  walk way whether its a tenant, delivery person or passerby you are the one who gets sued because its premises liability exposure.

Hi @Leila, can you please share your experience with Y Street Capital with me as well?

I am looking to use hard money for the purchase and my personal money for the reno.

Work with a CPA familiar with SDIRA tax implications to plan accordingly.Private Placement Memorandum (PPM) review – Ensure the syndication allows for IRA participation and that the deal structure aligns with IRS rules.Direct Purchases with Non-Recourse FinancingLender requirements – SDIRAs can only use non-recourse loans, meaning the property secures the debt, and your IRA isn’t personally liable.

Does anyone had experience in the area? 

Any recommendations on attorneys that would have experience in this that could advise and handle the transaction (in Birmingham, AL)Thank you in advance for sharing your experience and wisdom. 

What about the business personally resonates with you?

I manage around 400 rentals with 14 years of experience and have never been sued once.

Would love to hear your experiences and strategies!

Now it comes to the tax season and I am looking for a local CPA who has good experience with REI.