Summer time on the Wabash... good memories.I love your business structure and the vertical integration of in-house property management.

This sounds like the BRRRR method.

Makes sense if you want to be an owner occupant, but not for an investor.So, maybe the auction sites work for some, but personally I'd rather use other methods to find properties.

I heard about this method after listening to Rod Khleif's podcast episode # 209.

@Fred CanzanoSelf-directed IRA accounts are a specialty service, not served by the mainstream brokerage houses.There are several types of account structures, and what will be best for you will depend a lot on variables such as the amount of capital, investment types, your employment status, etc.  

The structure is still very good etc.. looked it up on the county assessors site and it listed asis 84000 have me the deed holder name and address.

Account ClosedIf you and your colleagues have a tenants in common agreement in place and you and your colleagues own the property in both of your names - you and your colleague should be entitled to report each person's share of income and expenses on your individual tax return instead of filing a form 1065.There are some benefits with this method such as not having to file a partnership return which can cost $$Furthermore - you don't have to wait for the partnership return to be completed before you can complete your individual return.The only possible downside is that you may have to calculate depreciation separately.$1600 a year for a partnership return - I hope that didn't wipe out all your cash-flow!

What’s a good structure for the financing to meet the seller in the middle at 2.5m?

I’m curious if anyone has experience using a line of credit within a JV or other partnership and if so, how have you structured it?

@Bryan Clark I'd make sure all the systems and structure are in working order (i.e. roof, plumbing, hot water heater, heating, air conditioning, etc.).