In my opinion, Minor repairs are like carpet,paint,tighten some door screws or hand rails.

Your investment vehicle (syndications) makes it a more interesting question because the membership would likely make a higher spread with their investment vehicle.  

I am worried that if I do not get the first couple deals right it could seriously de-rail my long term plans.

.• During initial and annual inspections of pre-1978 units that are occupied or will be occupiedby families with children under 6 years of age, the inspector must conduct a visualassessment for deteriorated paint surfaces and the owner must stabilize deteriorated surfaces.Applicable areas include painted surfaces within the dwelling unit, exterior painted surfacesassociated with the dwelling unit, and common areas of the building through which residentsmust pass to gain access to the unit and areas frequented by resident children under six yearsof age, including play areas and child care facilities.most likely with no egress will not be approved as 5br because they wont know for sure who will occupy each room, fire codes and all , just probably was a nonissue with current family make up, also basement railings spacing as opposed to living spaceon the other hand if she buys it, she can put who she wants where after they are no longer inspectingHUD has a program that the voucher amount goes to mortgage, but homeownership vouchers are not available everywhere, she would still have to qualify for a mortgage based on disability payments, there are local and state agencies that may help her alsoIs she currently qualified for a 3br with just her and her son?

I have no debt other than the current mortgage, vehicle paid off.  

What are the laws on any personal property left on premises, in particular, an abandoned vehicle and a heavy-haul equipment trailer.  

Jessica, if your goal is to draw the income from your investment prior to normal retirement age then self-directed IRA will not be the best vehicle to utilize for the reason you listed.

Hey @Daniel Delanty, @Frank Chin is absolutely correct in that you should utilize the 1031 Exchange option for your properties to net the money and reinvest the money to other financial vehicles without getting taxed.

Client trust funds are not allowed to make interest.. and you certainly are not allowed to make an investment in some other type of investment vehicle. theoretically this is not your money its the tenants money..Maybe one of the larger PM's in CA can answer if one is a member of BP

(drywall contractor)first wall paint, closet and bathrooms can be painted twice (wall paint crew)tile all areas (tile contractor)do all finished electrical work, but reserve all the cover plates (note we try and paint the bathrooms with two coats so we can put wall lights on) (electricians)install plumbing fixtures (plumber)install flooring (hardwood and carpet)final railings glass workpaint walls final coat (wall paint crew)lockout, doors, handles, hardware (finishers)appliances install including gas and water to fridge and stove (plumber)So this is a general list of order of operations for the finishing work, looking at this list it is reasonable to say I am still at the very beginning of the finishing.