The payments, which were not disclosed to lenders, had the effect of substantially reducing the sales price below what was represented to the lenders.Dozens of properties were involved in the scheme, resulting in several million dollars in losses to lenders, the news release said.https://www.sacbee.com/news/local/article208752464...This guy... didn't  get so lucky.

I too look for opportunities to get all 4 of my kids involved in my projects all the way from the basements to the attics, the attorney to the title company. 

The concept you laid out in your spreadsheets is very interesting, and I love the creativity involved.

When he visited the houses to see if there was needed improvements, to his surprise, the radiators, and much of the iron piping in the kitchen, including the kitchen sink, were gone!!!

These type of meetings are the biggest resources for getting involved locally, you can discover cash buyers there and other people in different roles of the industry, fantastic people to know and network with!

According to the IRS rules you are considered to be disqualified person to your IRA and as such are prohibited from providing any services to your IRA:https://www.irs.gov/retirement-plans/plan-particip...If you had a long term tenant you probably could get away without using third party property manager, however vacation rental will have high turnover, which will require significant involvement from you, and would be considered as you providing service to your IRA, which is prohibited. 

Hello GP community,Looking for people who are tax specialists/CPAs/tax accountants who are experts in real estate investing as well as familiar with the military (and the tax situations that are involved with being in the military). 

Basically who is all involved in me having to buy a house and sell it. 

As long as you have the place well inspected and know what deferred maintenance is involved and what it costs, you have a great chance to succeed. 

The level of activity and involvement are very different, especially when getting started...and they meet different goals/objectives.