These aren't issues with the transaction itself, but with the operation of the plan or entity after the fact.The major unidentified risk, as far as I can tell, is that the Department of Labor technically has jurisdiction over Prohibited Transactions--not the IRS.

This way there's no issues of ownership on the properties, or concerns if I'm no longer the majority holder, just loans.

Not knowing if you can get a clean title down the road is a major issues.

We spent the first few years here learning the various markets, getting to know the building departments, which were best to work with etc., getting up to speed on property values, and looking for our niche.

Thanks guys, yes the tenant is getting situated and the fire department will call me tonight . i will look for your info Ed. thanks Joe, I preferred the broken toilets.

Sometimes the roof line is deal breaker unless you can do a major rehab.

That is a MAJOR expense that will raise it head one day, you need an estimate of when it will happen.

Tourist wise, just take a ducktour and you'll see all the major landmarks and know the history.

Yes, the vast majority were rejected, or countered too high to make a deal.But, on just a few occasions I was able to purchase a property far below asking price.The best one was an automotive repair facility I wanted.

A majority of buyers overpay for a property and underestimate the expenses.They are either a new or uneducated investor about that asset type.The seller is hoping the buyer makes the same mistake they did and overpay for the property and bail them out.It is hard to find deals that pencil when buyers are purchasing bad deals.Think of this.You would rather be in NO PROPERTIES than have money tied up into LOSER PROPERTIES you overpaid for.