Account ClosedSeconding the concept of "just don't go there".IRS rules are strict about avoiding any direct or indirect transactions of provision of benefit between and IRA and a disqualified party, in either direction.You and any LLC you own are disqualified to your IRA.The IRA may not lend to you or any entity owned by you or a disqualified party.The penalties for engaging an a prohibited transaction are severe, and not worth messing with. 

Once you run the actual numbers or take into account HML fees you arent making money.

Can I hold them accountable?

From what I've read and think I understand, the biggest mistake seems to be not accounting for all the possible expenses. 

Account Closed Your scenario is not realistic.

We've been working on bylaws, registered as a non-profit, set up a bank account, drafted application forms, discussed membership fees, and a whole bunch of other stuff.

Account Closed.

Account Closed I am confused how a title company is already involved in the transaction. 

Also, my tenants pay for water and it's in their name, but I have a landlord account that reports to me if the bill is unpaid. 

Not looking for recommendations on personal budgeting tools, but rather the creation of accounting statements.