If you partner on the deal, the IRA is only responsible for the percentage of the property that it owns.To your final point, the IRA is responsible to pay all fees and expenses.The IRA also received all profits and interest and payments.

Typically, $100,000 is sufficient and will cover 99% of all claims.

Typically, I get a response along the lines of...

So, typically a landlord will want to pay those directly and either bake the cost into the rent or bill a tenant back if the bill is based on usage like a water bill.

↓The bank receives a fixed rate return↓And the investors keep all the upside!

Josh,Typically when you set up your LLC you need to establish your EIN Tax ID and open up a Business checking account. 

If you have the time it's worth looking into doing the typical deals discussed on BP forums like fix and flip, BRRRR, airbnb, etc.

Typically, maintenance & repair expenses may eat up the couple of thousand you earn annually in the early years. 

They are typically chasing the insurance carrier as that’s often the easiest source of payment available. 

They don't have to, though it is typical.