Thirdly she told me she has an older couple friend to care for my real estate who lives in the area and is reliable.I dont want to miss out on a deal since everytime I find one someone steals it from me!!

@Bobby SaeediI'm really late to the party but just found your thread and wanted to see if you followed through on this idea. 

Once you take the plunge on your first one, the second, third, etc. will become much easier.

All parties KNOW that the sponsor is raising money from INVESTORS.. will the bank demand proof from each and every investor that their funds aren't borrowed?

Life is too short for long pity parties.

I still have a mortgage on my current residence and have heard that transferring this to an LLC could trigger the mortgage company to consider this as a sale.For the purposes of protecting myself and keeping the rental house seperate, I was wondering if it would be beneficial to start an LLC purely for managing the rental party.

The third you won't learn behind a computer screen.

I would also recommend driving the area at night as what can seem like a not so bad street transforms after dark as the partying picks up and the students get  routey.  

If you find a property and show in the numbers how great a deal it is, your credibility comes in second or third to that.If you were hungry, would you rather buy 10 steaks for $10 or 2 hamburgers for $10?

The general interpretation is that an IRA and a disqualified party may joint venture under the conditions that: Both parties enter into the transaction jointly (not one buying interest from the other).