It's one big circle of buddies.From the moment the loan gets approved, I have heard the same story again and again, a comedy of crooked and shady errors that leads nowhere and the schedule gets contractor-drawn-out again and again, and it keeps going and going until the buyers resources are exhausted, the contractors get all the money, nobody is held liable, everyone's so sorry, and it's obvious every major figure involved in the deal is kicking back to someone in the background wetting his beak good and proper in the buyer's lifeblood.

Is there a way to move my IRA held property from an LLC to my personal name and not take the IRA distribution?

For example, if they continue MTM, rent goes up by $25, but if they sign a one or two year lease rent will be held flat.

Recently there was a blog post about the negatives of being an agent and an investor, personally I didn't think the article held water so I promptly ignored it.

I bought and held a duplex for 2 years and cashed out because the market increased to the point where I made a good profit.

It starts with a self-directed IRA held by a custodian, but the IRA simply makes one investment into a specially designed LLC entity.

There is a well document syndrome in the medical journals  called  " Burnt out landlord Syndrome"  :) and believe me its real.there is no doubt a personality type that does best at being a landlord.. and it really depends also to some extent on the asset class.but on the high end stuff when I had rentals I had 14 SFRs that were new construction that I held all 200 to 250k homes.. and those tenants while fully qualified and never missed rent and did not destroy the house's.. they were on the other end.IE I want to up grade my appliances to stainless.. or can you please replace the tile counter tops which were standard in the day with slab granite..

If you are his employee, he is responsible but as a contract worker, you could be held liable for an accident.Run all the numbers.

Also I was told that this type of loan (depending on how stringent the lending institution is) can only be held in your name.I went ahead and applied anyway and I have been accepted for one through Loan Depot so I'm still looking into alternative sources of financing because the more options the better.

So if you held the land for less than a year and decide to sell it now, obviously as you'll be taxed at your ordinary income tax rate which can be quite painful for W-2 employee especially in a higher tax bracket.