@Paul PassafiumeInvesting a SEP IRA in promissory notes secured by real estate is a popular investment in the alternative investments world.

I know things cant be perfect, but some things I thought will be fixed:things i wanted fixed:flooring - is a bit dented on one of the units, living room - seems like they just did a quick flip, and floor tiles are not perfect and levelwasher dryer - no hookups and none present - wanted at least a hookup or one in one unitpipe diagram - this i believe should be a must, since i want to know where the pipes run behind the walls. documentation of the flip/fix so I have public records as the new owner on what they actually didrefrigerator/microwaves - this is a must, seller claims broker told me these will not be provided..Not sure what seasoned investors do usually at this point (probably they fix rehab things themselves).

I can recount many times when I made that dash up to the bank to make payments.What it boils down to is....IF you don't want them coming to your house to deliver the rent, then you need to eliminate your address from the lease, and don't let them come to your house to deliver their application or security deposit either. 

@Dean Ingraham Publication 527 defines real property trades or businesses as this:Real property trades or businesses.A real property trade or business is a trade or business that does any of the following with real property.

Make sure if you're securing that with a 2nd mortgage, the 1st mortgage lender will allow it. 

At first, I was looking on the counties online public record but unfortunately I will have to search for individual addresses and after doing some more research I came across that is possible to get a listing through the MRIS.

And then a loan secured by the owner carry note.  

Property taxes are public record, so you can use previous years paid and estimate a slight increase.

On the BP podcast, they talked about using FNMA or mortgage backed security loans to buy mobile home parks at better rates and with more favorable terms than commercial loans.

On the BP podcast, they talked about using FNMA or mortgage backed security loans to buy mobile home parks at better rates and with more favorable terms than commercial loans.