To me its just a function of the overall socal market - no rent control, proximity to lax jobs, etc.

My concern is both take care of the property and both pay on time, i am unsure if i want to continue renting because he wants control of things and it makes my life stressful BUT he is in the right according to local law.

Good luck with your real estate ventures!

Also that many times folks owe a lot more to a lot more people than is immediately apparent or than they disclose.Also I hope that your relative doesn't know that 1) you have all of the money available to help them, and 2) that it is in your sole control.

This legal entity, the Trust, is managed by a Trustee, who has control over the property.

Remember you don't have to own a property to control it.Download BP’s newest book here some good due diligence in Chapter 10.

I'm looking to become self-employed and would like to start with Joint Venture Wholesaling.

First was that working for someone else who controlled my destiny, my financial future, my career path and all the other restrictions that come with corporate life, is something that I can no longer do for the long-term.

Ability to control our own destiny with our own investments, etc. etc.With a very-well managed buy/hold real-estate strategy, where one buys properties 30% below market and rent for 1.5% of purchase price and doing a cash-out refinance on equity, one can technically do 50% plus to 200% or even more in CoC return.Question is, how many have done this in a self-directed IRA or a in a CESA (coverdell education IRA)?

Remember you don't have to own a property to control it.