As administrator, I can purchase the property, fix and flip.

My background is bookkeeping, so I like having the administration separate from the finances.

It’s a little bit convoluted, so bear with me while I lay the foundational information.Owner of record is an LLC (that was administratively dissolved in 2010) whose sole officer/manager died two years ago (2010) and has a living spouse, with whom I have made amicable contact since last year late November, when the same property was listed for imminent sale last December 2012.

I’ve sold homes in the nicest and worst areas of San a diego and the simple truth is that the “Sketchy” neighborhoods are simply working class people and as long as you are nice to everyone and are not trying to sell drugs they will love you and welcome Nice people.

While you may not want to setup a Solo 401k (if eligible) solely for this purpose, it might be a useful benefit in addition to other features of the plan: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

That may just be mature administrative bookkeeping.

This person also has more of a criminal history than they let on, being convicted in the 2000's decade and having arrests and charges even up to 2018, some of them for things like DV, making threats, drug/weapon possession, and driving without a valid license, although on the more recent ones they may have been found not guilty.

My liability insurance would drop me like a hot potato and likely would not pay out if drinking or drugs was the cause of an accident on any of my job sites.

Welcome @Kevin Dolan .....my girlfriend is a administrator for Kaiser.

Drugs are omnipresent today.