My takeaways were that they're generally depreciating assets and not good for much.

Most of the time even in landlord friendly states such as Texas the will consider it a civil matter and you would be forced to file an evictionHow did they get the combo to obtain access ?

Are you selling assets?

I ask because I came across a firm offering deals like this:Purchase, rehab and flip a distressed property, timeline 6-18 months.Minimum Investment $100,000Above $500,000 and an investor can appoint a member to the management boardMinimum asset price $1,000,000Management Fee: 2.5% of invested fundsManagement invests 10% alongside investorsDeveloper invests 10% alongside investorsSuccess fee of 50% on returns above 8%My main question is whether the 50% success fee on top of the management fee is highway robbery, or pretty standard on larger deals averaging 30%+ in such short timeframes?

I guess I was thinking that the part ownership in an asset would be the advantage for the money partner, insofar as we would gain equity tin the property as time went on and we could borrow against that.

Either way, I keep all assets below 80% LTV to avoid PMI. 

The contract will go sit on a bank asset managers desk til they make a decision. 

I'm currently turning the world and the internet inside out to obtain a hard money loan or something like it. 

So, it is in the property seller's best interest to obtain the highest price possible for the subject property; not just any amount because he won't be collecting any proceeds anyway.

@Alicia CampbellIt is prohibited for a disqualified party to perform services for an IRA asset directly or indirectly.