Find a great prop mgr who specializes in the C class properties and has experience with that tenant demographic.

Like most questions - It depends.If the title company is willing to use the funds from the second seller to close your deal than no you do not need funds.So seller is A you are B and the end buyer is C.

Most of all though, they are going to be evaluating you for the loan based on the 4 C's which are explained on the 55th BP Podcast.

Should I file Schedule C as well?

Call up your local title company you will be closing with and tell them you need a double closing or a-b, b-c closing but you want to know if they have a transactional lender you can use.

Hey @Cal C. - BiggerPockets itself has been around for 9.5 years . . . today marks the day that the blog part of the site was created.

c) Could this strategy be implemented to fund the purchase of a 1-4 unit residential property if the IRA holder is an owner-occupant?

This is what I see:Purchase Price = 260,00020% Down = 52,000Gross Potential Income = 50,40050% of GPI = 25,200 which is also your NOIDebt Service / 80% LTV / 20 yr amm / 6% = 17,882.16Cash Flow = 7,317.84Cash on Cash = 14.1%Keep in mind that this is a C property so your expenses could be higher then 50%.

@Matt C.

An A/C unit blew 4 months later, 1 of 4, that was 6K!