My offer was at asking and first on the table after the property was listed for less than 24 hours and the seller received two more offers that afternoon after mine (I'm in a very competitive market for small multifamily properties.)

If so I would prepare a list of documents explaining the terms.

@Laura Mezoff,If your IRA owns a property you and your immediate family members are not allowed to do any work on the property or receive any personal benefits from the investment.

Just keep in mind this document is something you are always updating so keep a digital file handy.

Maybe, maybe not.If you do get an option to purchase, be sure to record a memorandum of option (or some such 'cloud' document for your state) so that nothing can be done with the title of the property without addressing you and your option. 

If you need example documents to get some ideas I am happy to provide.

Also easy on documentation (much easier than DTI & other income-based loans), the interest rates are better than the above short-term loans, but not as good as conventional loans (that require DTI and income etc).Most cash-outs aren't greater than 80% of the value of the property.Estimates:HML Loan - 8-14% interest only, short term loans, limited documentation.Rental Loan - 5-9% amortized, 30 year (some options for 15yr), a bit more documentation.Local Credit Unions and banks - 4-8% amortized, 30 year (some options for 15yr), documentation varies but typically requires some debt-to-income.Conventional Loans - 4-6.5% amortized, 30 year with options for 15, documentation heavy.

Unlike other platforms, they put themselves into the middle of the transaction, so you do not deal directly with the sponsor, nor do you receive payments directly from them.

It was because of a misdemeanor public intox charge I got received 6 years ago on a Pharmacy class bar crawl.We dealt with a third party screening company that was like dealing with the DMV.    

I obviously would like for the current tenants to remain, but also make the new tenants feel they are receiving equal treatment.