They just ensure you sent the necessary paperwork to document the transaction.A Checkbook IRA LLC is an enhancement on this structure, and makes sense if you will have a decent amount of interaction with the investments, as is generally the case with rental property.  

I know this is a long shot, but it's really important for me and my family, so any help is appreciated.Thanks!

For example, if you have little cash, lots of free time, and decent people skills, then maybe educate yourself and get started with wholesaling because those align well with that method. 

I saw this one on the hotsheet and sneezed a little at their estimated rents too.That area is actually pretty supportive of closer to $650/$750 for 2 bedroom units in decent shape.

Having the same difficulty as Jonathon Smith on finding a decent location.  

The market isn't blowing and going there but I am able to make decent money there.I am open to new areas all around New Orleans if they make sense for what I like to do!

It was in a decent area with super close access to public transit to access downtown and surrounding areas, rents were under market vs. all the nearby comps.  

I have a tenant that wants to rent from me but want it to be in a decent neighborhood.

If you don't have the 20% down payment, then go FHA, and 3.5% down on a duplex or triplex in a decent area.

Maybe a top psychic perk is calling your own shots (and even being moderately successful at it)...