So my cautionary tale is when buying seller financed paper, make sure you are very in tune to the value of the property.PS: Even if this started out as performing, same concept applies - make sure you know the numbers/values of the property.

I like PMs that are fast to communicate, fast to respond, and that know their market inside out. 

I am very impressed with your knowledge and will definitely going with your firm for the simpler 401k trust plan, and I will get rid of the LLC.Just for the sake of exercise, could anyone please still let me know if an IRA makes a private equity investment into an LLC and becomes the 100% owner of the LLC, and the LLC later receives tax forms against its EIN, will the owner of the IRA just disregard those tax forms?

How do you know they can’t afford it?

Good luck, and let us know if you need anything. 

If you or anyone you know is interested in partnering in some deals to get back in the flipping game, I would love to chat. 

If you don't say it, they won't ever know.

I could get the other residential rented, so 2/3 units rented, before closing because I know the seller, but the commercial space on ground floor is a question mark and is forcing this to be a commercial loan. 

We will need to know the PP, and Rehab cost.

Let me know if you have questions about REI, and how I can help you best!