I have access to more capital, and I want to get away from my software sales career,  I'm passionate about my own business and I'm demotivated with the pressure of what I'm doing 7-5 (this is conservative, there are 65+ hour weeks that I'm being paid OT time on....)In a nutshell, I'm making more money in my 9+years of software sales. 

I say unto ye, brothers and sisters: the seals are breaking.Will we pass into a dark age so total, so all-consuming, the light of the world be so dimmed, that we will forget even to read and write?

Then the property title would be transferred into the LLC, thus giving you checkbook control over this and any other assets you will purchase in it.Here are some of the Checkbook IRA benefits:Ability to execute transaction directly without going through custodian or IRA Administrator, simply by writing a checkEliminate transaction fees and asset based fees (you will need to pick the right custodian with proper fee structure, the company you will chose to do this for you will help you make that selection)Eliminate delays and 'red tape' that often comes with having a custodian handle every single transaction, you can act on best investment opportunities immediatelyHope this helps. 

For more write outs of deals (where the deal is written on a white board etc...) click the link, and skip over the first one by Grant Cardone (he is great, but he is doing massive 200 unit and up deals). https://www.youtube.com/results?

I am writing for anybody who may be doing the same thing, if someone wants to learn about how we are doing it, or if anyone has any advice from lessons learned, or encouragement for the road ahead. 

Be carful and make sure you get everything in writing.

Get it in writing (see above).

Cash>Check>ACH>Credit card.Credit card: Disputable up to 90 days by the click of a button with minimal verification relative to the other methodsACH: Disputable up to 60 days by informing the bank in writing (and with a higher level of verification by the bank)Check: Disputable up to 30 days after the customer’s bank statement is issued and requires the customer to prove fraud or identity theftCash: is king - however the chances of getting your tenants to send you cash every month is nilThe goal of any investment is to reduce risk (or be duly compensated for accepting additional risk).

I get it in writing personally to erase any ambiguity - email, text, consent on my website, I've even done it on a napkin and scanned the napkin to PDF format, take your pick, but always documented and never verbal. 

I think this property is likely a safe write-off based on the rough numbers.