I feel once I get my duplex I'll have my confidence back and get ready to grow.

Also, it requires going through the P&L line by line to ensure that these are correct (for purchasing) and in line with what is realistic (for making changes when you are the Owner/Operator.)If you've looked at a lot of Facilities, you may have a good idea as to what the "going rate" is in that market for these line items.Also, Minico puts out a guide to underwriting self storage every year with industry norms across the nation on all of the expense categories.I hope this helps.

Since this was not a rental property, I am less confident in where to report this.

I find my self looking in the MLS everyday and night .

The fact that the state has approved this language in the contract provides confidence to the buyer that this is ok - it's not.

As of now csnt get anything I can do by my self .

30k self and 70 k private lender.

@Erik PilonHaving a CPA on your team will be able to answer the questions you have, provide confidence that your return is prepared accurately, save time, provide steps to lower taxes, etc.

1  Setup Self Directed IRA Account and fund it.2  Buy property $100,000 with funds from the SDIRA.3  Collect rents, pay expenses, manage property through SDIRA.Questions:  Can the IRA take out a (non-recourse) loan against the property?

Having an individual invest directly into a family member's dealing using a retirement account may be considered a prohibited transaction.Furthermore, he would need a self-directed account.