Even if its somewhat mentioned elsewhere its nice to be able to point to a specific and obvious portion of a lease to let people know something is not allowed.

I found a deal in my local market here in Baton Rouge where a seller is willing to sell his duplex, that is not currently on the market and he is open to possibilities of carrying a note for a small portion of the purchase price that would reduce my down payment. 

If authorized, walls must be returned to original color upon vacating.I'd keep a portion of security deposit in order to repaint.

In addition, in one year, the house appreciated from $236k to $330k (good portion to value add sweat equity which you will never find with turn key properties).

Does that $930 even include the taxes portion of PITI because you only mention mortgage+insurance?

or do I only have to worry about paying my individual US taxes when I receive my portion of the rent? 

Pet fee is prorated between buyer/seller based on portion of lease completedI think 2 makes the most sense seeing as the buyer will ultimately have to deal with any damages/problems from the pets.  3 also seems reasonable since seller had potentially higher liability while owning building.  

e.g. what useful life are you using, etc..I'm pretty familiar with the tax code as it relates to rental income expense, but the depreciation portion only really touches on the property itself (and improvements), but it doesn't mention anything about equipment.Thanks in advance!

Typically, large national banks do not offer such loans for single family residential property.Tax Implications for IRA Borrowers:When an IRA uses debt-financing such as a mortgage to acquire property, the portion of the income derived from the borrowed capital is taxed as Unrelated Debt Financed Income (UDFI).As you research self directed IRA plans, be sure you understand the implications of the fact that you have two separate types of IRA money.  

@Brian Gibbons, I love what you are saying and think this might be the best way to do this.With that said it is not how I chose to do this for my business.I speak with attorneys on a regular basis and there is some gray here.The way I understand it is that a RTO is clearly financing if you are applying a portion of the rent to a down payment (and not returning it if they done buy).