But it means your IRA will have to pay tax on the debt-financed portion of the rental income and then you will pay tax when you take the money out of the IRA.I was cautioned by my attorney not to purchase any properties in my neighborhood or any area where I owned properties with my IRA.

Do you take all 7 and go invest or do you set aside some portion of that extra 4 for future repairs, for when the roof does go, the home does need repainting, etc?

I would think you would at least need the SSN of the seller (or, EIN if its an entity.)If you have blanket loans that cover multiple properties, you'll want a "partial release" clause that allows you to pay off a certain portion of the loan if you sell one.

I passed the national portion, but failed the state portion by 2 questions.

I would recommend coming up with a few different headlines and content and testing them all on a small portion of your list to figure out what works best.

Due to our sellers business record (not his FICO, but his clean business practices and low returns), we are allowed to charge a portion of the purchase price.

There can also be no lates in at least the past 12 months, but I would hope that would go without saying.Rates on a 504 refinances are in the low-mid 6s for the non-bank portion of the loan.

Yes you can live in one portion of the property and rent out the other portion and have it be classified as Primary residence and also have expected income from this property counted as rental income.Let me also say that you will need to be able to qualify to be able to do all this- seems that you have very little income and trying to do alot of things so you need to make sure that you qualify to do all the things you are trying to accomplish.

To save up a cash reserves account.The property is worth about 600,000 I'm offering to buy it sub 2 0 down 800k monthly payments of 3200 a monthballon payment at end of 10 years of 416,000at which point all refinance and I'm going to save at least 120000 from rents to have refinancing money and down payment and all that fun stuffSo to clarify my question, how much would I expect a management company want for a cash reserves account, and would they be willing to accept a portion if I agree to save every dime until I get my reserves account to an acceptable level?

While we are still the wealthiest country in the world, I think we are handicapping ourselves by spending such a big portion of our resources in totally wasteful things.For all of these reasons, and some others as well, I am generally pessimistic about the long-term prospects for the economy.