Remember there are some people that specialize in this type of complication so if you end up trying to figure it out, the better you can understand what you are getting into, the "safer" it will be.

Im not sure if now it’s a good time to buy or maybe I should wait, specially with this whole Covid-19 going on.

@Bob CarrollYes, leveraged income to an IRA generates UDFI (Unrelated Debt-Financed Income) that will produce a need to file form 990-T and pay UBIT (Unrelated Business Income Tax).Look for a CPA who specializes in tax-exempt and non-profit entities. 

We consulted with an attorney who specializes in Self Direct and retirement accounts.

Specially his family can’t get my percentage or vice versa.

Nothing special, but definitely a move in ready property that I can immediately touch up a little and rent out the other unit to cover my mortgage and create positive cashflow. 

To add to @Nathan G. list: Hoa fees (these can be huge) Property management fees (again, can be huge… like 40% of gross)Storm & special insurance for houses on the coastSome states have special (read: higher) tax rates for properties not owner-occupied.

Leah Sykes at Greenspoon Marder and Sia Rezvani / Jeff Bennett at Warren Allen do Landlord Law almost exclusively.It's kinda specialized compared to regular RE law (more litigation), but I can recommend all 3.Call quick, they're all busier than h***.

Find a firm that does what you want to specialize in. 

As was mentioned earlier, its a hot market specially the Hampden area and its tough to find a decent deal around the neighborhood specially since everybody's looking at buying houses given the low interest rates.