Example: Home 1 mortgage is $1500 rents for $1900.

In your example, when IRA owns investment property the account holder setup a Self-Directed IRA, which allows him/her to invest in alternative assets.

Back in 2016 and even as recent as summer of 2017, I seen probably 1.5 more or perhaps even double the houses that are on the market now, especially in hot areasTake all of 30314 and parts of 30318 for example, in 2016 there were lots of homes on the market being sold anywhere from the 60k-110k price points...duplexes, turnkey SFHs, 2 and 3 story homes,  SFHs with over 2k sq ft, just about everything...sure they needed work but the bones for most of the homes were decent and with maybe 15k-30k of work, you would have a home that could be priced in the 300ks in the next two or so years.Now, I see maybe 1 or 2 of those in 30314 under the 180k price point that hit the market per month, and then those homes are fought over like sharks over sardines.

@Henri Meli can you share an example of syndication deal.

So using real numbers as an example...If the hard money lender’s terms say they will loan up to 70% ARV and up to 90% LTC (overall cost of purchase price and rehab combined), and 3 points...again all just as an example, here are hypothetical numbers:• purchase price - 75,000• rehab cost - 50,000• ARV - 185,000In this case, the 75,000 + 50,000 = 125,000 which happens to be only 67.5% of ARV (125,000/185,000 = 67.5%).  

Example 2: If you purchased a home with $80k of cash, put $5k into the home, and the home was worth $100k. 75% would be $75k and your purchase price is $80k...so the lower amount is $75k.When buying a home with cash you can absolutely get cash back right away but you will be limited to the lower of those two amounts.

Here is a really good example of Michael's analysis from Quora - https://www.quora.com/How-much-taxes-can-you-save-...Either person would be a great partner to have!

Should I ask them to leave and just look to fill both units fresh?  

For example, one is Mr.

Be aware that commercial loans operate differently than regular Fannie Mae/Freddie Mac loans as the rates are higher and terms less favorable such as a 20 year amortization and 5 year balloon for example instead of a straight 30 year amortization loan.