Account Closed - Are you talking about a house to reside in without any renters?

As my ancestry is Greek, my favorite historical example is an ancient Athenian general and politician named Themistocles.

@Wellington PalmaMany accountants are busy with the 4/15 deadline around the corner.

This doesn't account for any CapEx, Management, Repairs, etc.

Hey @Juan Chavez,She could access the equity by selling the entire property or bringing in a partner who would like to buy into the equity in exchange for cashflow.Why not put together a small package on your Mom, her income, the property's historical financials and a plan for the way forward and take it to 5 bankers for in person meetings?  

Nothing exciting* Contacts - people that are in properties and or have been historically* Leases - term, amount, contact and the signed agreement* Files - closing docs, appraisals, insurance, etc. grouped by Property* Income - amount, date, property, attachments, category (rent vs lease option fee, etc)* Expenses - actual expenses, date, property, attachments (mortgage, capex, maintenance, turn, etc.)* Reserves - savings from each rent payment for future expensesIf you wanted to use more like a PM, you could set up an online form for tenants to input requests and include attachments and track maintenance through it.Hope that helps.PS - I still use Excel for projections/modeling

Very central (10-20 mins to get to most interesting places in LA) and historic.

Here's a good rule of thumb:Your money in an account with your name on it = cash offer.Someone else's money that you have to borrow = financed offer.

If you don't have one already, get an accountant who knows REI well and go over the details with them.

I've also have done a little learning about SD Accounts too.I think all of what you said is true but you may have to buy it in your own name them transfer to the SD-IRA account name but you must understand that any profit stays in the tax-deferred account to be income tax free and not penalized.