Harry, always got to steal my thunder...Just kidding.I'm a seasoned investor and at the minimum, it helps me gauge my rehab estimates and play a conservative approach if the prices are higher than normal.Not to mention, knowing I could produce the labor and material costs at a much more reasonable discount.I too find it Super useful!

He's actually giving me an incredible rate of only 6 percent.

You still may be liable for NC depending on how and where the income is being produced, a good tax prepared has ways. http://www.borelassociates.com/topics/Series_LLC_in_Business_Planning.pdf http://www.matnsorensen.com/utilizing-multiple-llcs-a-new-series-llc-state/ LLC is new to REI it will be interesting to watch history unfold, not here on BP, in courts across the country.

The tricky bit is in the market where our STR is located, the demand for management and good people exceeds supply so lots of people produce mediocre work.

The 2nd floor apartment will be rented out and should produce an income of $2000-2200 and I will be occupying the 1stapartment which can also be rented out for $2000-2200. 1) With everything being said, am I doing everything correctly to show the bank my current multifamily produces enough rental income to cover the mortgage? 

There was some incredibly valuable information in this podcast.

Of course, Seller being incredibly hard and insisting that for an 'as-is' deal its no repairs at all.  

I'm also talking with all my vendors at work that may have some inside info on how to get things moving so I'm hoping that will produce results as well.

Sometimes that means not having the ideal personal property to begin with, but one that produces a nice cash flowing income.

By investing the IRA in real estate, you will retain that investment capital and can acquire more or better properties as a result, which will produce higher overall returns than you could personally with the reduced amount post-distribution.There is a lot of good information on BP regarding self directed plans.