With this structure a special purpose IRA owned LLC is used to make the investments which allows you to bypass the custodian, eliminate transaction fees and have "checkbook control" over your IRA3.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

We would rather eliminate the garage storage issue, turn it into two bedrooms and increase the rent accordingly.

What's better than eliminating interest rate risk on a deal for 5, 10, 12, or 35 years in the case of a HUD 223(f)?

My suggestion to eliminate a pitch, toss your script. 

The title will be eliminated on the home. 

The title will be eliminated on the home.

The title will be eliminated on the home.

It avoids the taxes on sale, it eliminates a property where you don’t save taxes with a price drop, and it starts the 2-5 year clock on when you can sell the rental tax free or at least at a reduced tax rate. 

A lot of little unexpected gremlins along the way, I also forgot to mention unfortunately the tenant was paying for gas and oil which I found to be excessive so I eliminated the oil and put in some Navien gas units so no more oil.