.); Roth IRA funds are not subject to requirement minimum distributions (RMDs); The fair market value (FMV) of assets held in a self-directed IRA is reported on form 5498; The fair market value of assets held in a solo 401k are reported on Form 5500-EZ; At termination, the solo 401k is required to file a final Form 5500-EZ and 1099-R; and At termination, the self-directed IRA is only required to file a form 1099-R

Are we just stuck with this because we bought the property with the standard "as is" clause in the contract?

It's just standard operating procedure. 

He sent me a file to my surprise. 

If you have investors, I’d suggest starting a separate and distinct QB file for each note.  

I'm thinking about going into business with a friend who is a custom builder and curious to know what the industry standard is for the business arrangement given our potential situation.

if its real estate you really want to do.My wife pays 400.00 a file and closes about 30 a year.. so thats 12,000 she pays and she is just one agent a good transaction cordinator will have 10 to 20 agents.. they are in high demand. 

I would file to evict

If they are requiring all cash, is it because the property will not appraise under a standard or FHA or VA loan?

@Art MaydanFirstly, if this is a student rental, I would recommend that you have the parents be guarantors and sign a separate guarantee which references the lease {i posted a sample in the BP file space a few years ago}.If the parents are signatories to the lease, then they have all the rights of a tenant including the right of access.