Their records are subject to review by the government, real estate commissions, courts, law enforcement, local realtor board ethics committees.   

Trying to talk to friends and family about partnership is a touchy subject.

I don't really see anything wrong with this practice, but it seems a little funny to me, because the subject line is always "Off Market Deal..."

However, I’m curious what you mean by “voucher” in the subject of this post?

. $3000 rent and you're looking at over half of your "cash flow".That leaves you with $350-450 to "ramp up" your reserves for other repairs, assuming you take no distribution and have no other expenses.At the end of the day it all depends on your risk tolerance and what you consider a good deal.

You could borrow or take a distribution of a portion of the funds to make non-retirement investments and the remaining funds could be used to grow your tax-advantaged accounts with real estate (and other) investments.

Although I am a Broker, I've not run my own Brokerage, however, I'll offer insight from my own experience as this is not a very cut and dry subject. 

My sister and I own home in trust left by dad I live in property and have for over 20 years I own 1/3 sister owns 2/3 I was approved for a home equity loan the underwriter wants to see a copy of the trust . Why and ca...

I am trying to figure out that how will the actual draw for a distribution be made?

When a tax-exempt entity (IRA, 401(k), HSA, non-profit, etc.) engages in a trade or business on a regular or repeated basis it is creating Unrelated Business Taxable Income (UBTI) which is subject to tax.