Work with a CPA familiar with SDIRA tax implications to plan accordingly.Private Placement Memorandum (PPM) review – Ensure the syndication allows for IRA participation and that the deal structure aligns with IRS rules.Direct Purchases with Non-Recourse FinancingLender requirements – SDIRAs can only use non-recourse loans, meaning the property secures the debt, and your IRA isn’t personally liable.

I'm glad you have an umbrella policy for the first 10, but when you own them in your own name, a loss in one property can spill over to the others, and personally.

I am looking to use hard money for the purchase and my personal money for the reno.

.- You both report your share on your personal tax returns and pay taxes based on your own tax rates.3.

I'm willing to help this person in any way I can.

It's what is actually delivered and the quality of it, plus intangibles such as the personality of the professional working with you, responsiveness, attitude, you name it.The price is low.

Call 3 references:  Verify that they work there, or that it is an actual person by asking where they work first, and don't mention who you are until after.  

I really don’t want this person in my property anymore. 

Besides, if the person doesn't give a glowing review, you know its probably the best review he can provide--not great news.

The more people living in a building, the less personal responsibility each tenant feels.