I made money on all of my properties - but not because of anything I did - the market saved me.Then I found syndications.  

Do you purchase properties as a function of your savings and affordability or do you target specific purchase price?

All Ira’s are custodial but there are plans that have a checkbook control feature allowing you to essentially bypass the custodian and save time and fees.  

The biggest thing you need to know is if you offered $250,000 and the appraisal comes in at $240,000, you or the seller or both of you will have to come up with the $10K gap. this can be scary but making sure your realtor runs proper comps in the beginning can help save you from this!

If so, you can use the 121 exclusion and save on capital gains taxes to sell the home. 

We've taken over management of too many properties where the agent did NOT obtain leases, ledgers, tenant contact info, etc. for their investor client - forcing us to try to chase these items down, which we're not always successful at.

Thx for the info.

Hi Brian, would you mind sending me that person's info?

Thanks for your thoughts and advice :) VA's can be a saving grace or a big headache, the key is finding them.

So you will have to weigh the importance of maintaining legal status and potential savings you may get out of a LLC.