Or is it better to just form an LLC and purchase the properties directly through that? 

I would second @Wayne Brooks about him not being able to pump directly onto your property.

Does anyone have a good cpa in the Southern California area that deals with self directed IRA’s???

I apologize in advance for the wordy post, but would appreciate if anyone has good ideas.I recently started using Rentec Direct (property management software).

Feel free to email me directly and we can discuss your parents situation in more detail before advising you on how to proceed.

Funds are released when this happens...and they are released to the closing table...not directly to the REI.2 - Once the Investment has been closed on, and income from it established, that income comes in that same escrow account, and is released in this order -    a - Pay the debt service on the Investment (step #1)   b - Pay the monthly payment to the original lender   c - Pay the rest of the cash flow to the REI

Option 1: I will receive only the rehab, hiring a contractor and ask the buyer to pay the property direct to the ownerOption 2: I will receive full payment (property+rehab) and my company buys the property a resell it shortly to the buyer

It seems to me that if you have a strong understanding of RE investing and its principals, it would not be difficult to build a team that will operate under your direction.

The goal has always been to rent, just need direction and guidance on what would be the best move.

Anybody have one or can reply with a direct link. thanks in advance,Jesse AnguianoOUTLAW Aire