MM has an exclusive engagement agreement where 1% of total sale price is asked whenever this agreement is signed regardless if you use their recommendations for financing or you choose to shop the lending with another commercial lender?

I was on-the-go for most of the day yesterday, and did not wanted to engage in the forum without my undivided attention.

@Jason MalabuteIt will depend on the nature of the partnership and how income is produced.As a limited partner, the IRA will have tax liability if taxable income to an IRA is created by the partnership.If the partnership is engaging in a trade or business (as opposed to generating passive income like rents) then there will be taxable Unrelated Business Taxable Income (UBTI).If the partnership is using debt-financing then there will be taxable Unrelated Debt-Financed Income (UDFI).The presence of UBTI and/or UDFI will require the IRA to file a trust tax return on form 990-T and pay the resulting Unrelated Business Income Tax (UBIT).It is always best to check with licensed tax counsel who can review the specifics of your intended IRA investment.

As far as I understand, an LLC that owns a duplex in California cannot evict a tenant except for a "good cause" eviction for things like failure to pay rent on time, failure to cooperate with legal recertification requirements, and engaging in illegal activity on the premises, etc. which is not the case here.I would like to evict after closing because the tenant pays less than 50% of market rent and California does only allow annual rent increases between 5-10%, so I cannot bring the rent to market rent with this tenant.Any ideas?

You get practice and get comfortable engaging with and building rapport with sellers, and they can focus on another part of the business.

People still have been leaving their homes and socially engaging.  

When you think you are ready to engage a real estate professional check your credit report and work with a lender to get a preapproval letter.

One method to engage people and get a yes is ask questions that you know they will say yes to.

The partnership agreement engages conversations that set expectations so that you don't end up in a courtroom. only sometimes do they become legal documents.partnerships can be tough but my business thrives on them.

Do not engage the tenant in discussions.