I own a duplex and I have to choose to sign a new lease or Month to month or give 30 day.  

Tenants are your customers and your good or bad reputation will spread.

If you choose to invest in paid education, it becomes deductible as a professional development expense.On your card, ... 

Would you mind sharing your thoughts about reputable PM's that you'd recommend?  

I ended up choosing the bank that I did simply because they had more experience doing these types of deals.  

Any financing in your model would need to be non-recourse, which is going to be more like $40-50K that you could pull out.  90% of that would go to you and 10% of that would go to the IRA - you can't choose to leave the IRA in the deal and cash yourself out.If the IRA is involved, you cannot rehab the house personally and would need to hire that work out.The use of debt-financing with an IRA introduces a tax known as UDFI, which will not add up to much, but is something an investor would want to understand if they pursue a strategy such as this.So could you embark on a strategy in this vein and generate good return for your IRA?  

Choosing the right market is EVERYTHING.  

You have to choose between the above (putting more money in your pocket) and minimizing your risk -- you can't have it both ways. 

It was based on real life situations and you had to chose the answer that solved the situation so you had to know the concepts in order to know which answer to choose.  

Most larger and more reputable management companies, myself included use a state regulated agreement.