It's also worth checking with your IRA custodian or a tax professional to ensure compliance with IRS regulations.

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They could of course also take out tax free cash out refis of hundreds of thousands of dollars and use that money to pay their living expenses instead of the property’s cash flow.

I’m reading about how people are spending thousands and thousands and thousands of dollars on courses are you kidding me?

Assuming no mass sell off of STRs of course. 

Additionally, since the loan is in your personal name, not an LLC, there might be increased personal liability concerns.Given these complexities, you should discuss them with a tax professional.

Of course, we focus, at first, on the ones who have bought two more in the same area over the past 18 to 24 months. 

Bottom line: virtually always, sellers are better off working with licensed real estate professionals in their state than unlicensed individuals or companies. 

While you can’t completely control who applies to live in your properties, you most definitely can find areas that are popular with students, young professionals, families, etc. 4) just as important as finding the property, you need to have an exit strategy in mind for the property.

I’m working to refine this process as I’ve just gotten professional photography done of all my buildings and I’m working to get a website and a link to an online application that I think will increase the number of actual applications I receive.