I can relate. 

Perhaps it's due to the relatively small cost ($38k) or maybe it has to do with your credit, income, etc.? 

I mean it's not the worse things that can happen but it's about $1800 in damages to a relatively new house. 

Delay after delay after delay - some admittedly city permit related, but also fair share of just no-real-good-reason delays.  

Also we typically front 20-50k in due diligence and related costs to our syndication before we are able to close it.

They seem to be in relatively good order but poorly managed. 

That way they make sure all bills and liens relating to the property are paid and the new owner gets title insurance.

I have been reading many of the forums in here, listening to the podcasts, and have read several real estate related books over the past several months.

Full version (For the sake of argument, I'll make up some numbers to help explaining my question):Consider the following case - Individual with $500K and no properties other than residential house.Let's say residential properties in the area are going for $200K.Comparing two relatively "conservative" strategies, let's assume individual wants to "cash out" 15 years from now (hence: get as much passive income from said properties once you reach the 15y mark):Strategy 1.

The Operating Agreement must contain language sufficient to address IRA-related issues concerning Prohibited Transactions (26 USC 4975), The Plan Asset Rules, the allowance of subsequent or additional Capital Contributions and Unrelated Business Income Tax (including language that ensures that the Manager of the LLC will prepare and file all necessary tax forms with the appropriate taxing authorities, Federal, State and local).