., the IRA participant, his or her parents, children, to name few).The IRA participant is not allowed to use the property for personal use.Invest in Real Estate Using a LLCWhen both the IRA participant (in this example Jim Brown) and his IRA pool their funds and invest in an LLC for the purpose of investing in real estate, title to the property is taken in the name of the LLC.For example, if the name of the LLC is Buckeyes LLC, title on the deed would read Buckeyes LLC.Just like above, the LLC cannot obtain a loan and the IRA participant and other disqualified individuals are prohibited from using the LLC owned property for personal use.ANOTHER OPTION Your father can use retirement funds to invest in real estate operating company that is structured as a C corporation.

If they own several they are obviously investors.Once you get a response from the seller of the vacant house, negotiate a deal to buy it for all cash and get it under contract.

You typically won't start seeing significant response rates until after your 3rd or 4th round of mailers. 

@Robert Lorenz Thank you for the response.

Thanks for the responses guys.  

Thank you for the quick response, Sam.

This would NOT be a "land contract," it is a AITD or All Inclusive Trust Deed where the owner owns the property free and clear and completely finances me for the total amount, therefore since I wouldn't officially own the property until a later date, I am wondering what I receive to show that I am the basic owner for all "intensive purposes" in the meantime? 

I'm basically a 'principal' in the deal, meaning our relationship is adversarial and I am negotiating on behalf of my own interests, so just because I have a real estate license nothing like fiduciary responsibility applies. 

If they own several they are obviously investors.Once you get a response from the seller of the vacant house, negotiate a deal to buy it for all cash and get it under contract.

Thank you to @Daniel Hyman and @Matt Garboden for the responses regarding QuickBooks.