I like beginners to be as involved as possible in the beginning to learn the ins and outs.

The underwriting may involve a credit check on the primary borrower, others do not but may require a personal guarantee signed by members of the business entity borrower. 

Involving counsel in the project early will lead to better offering documents.

They are unable to answer questions regarding positions that you do or don't take on a return.The other issue that I have is that it appears that you have to educate your accountant on positions that you are eligible for when it should be the other way around.

The accountant that I have now made a mistake that could have cost me my investments. 

That begs the question of what your involvement really is in the first place?

Now I'm fairly new to wholesaling so I'm not exactly sure how to go about this process involving homes with mortgages but it doesn't seem like it would be a good deal.

Hi Account Closed - Did you ever get connected with a good plumber?

There is also a MeetUp that Account Closed hosts semi regularly in Downers Grove that might be beneficial as well. 

My understanding of a self-directed retirement account, though, will make it so that the income from the rental will have to go back into the account and we cannot use it as passive income for our normal personal expenses.