I want to offer my investor the most protection from litigation and Uncle Sam in a legally conforming way of course.Any suggestions or tips on how to shelter profits and reduce tax bill would be greatly appreciated.

In fact, many IRA custodians and administrators have already adapted their accounting systems to offer online tools to accommodate the cash management side of the equation (rent collection, bill payment, etc.).

As illogical as it sounds, the bank that was happy to offer this loan to you while you had zero experience will flatly reject your application once you have 7-8 cash flowing financed properties and a proven track record as a landlord.

They want Y, and you are going to offer Z.

I will advise you however to read through everything biggerpockets has to offer and educate you on real estate investing. 

Would like to see what you have to offer. 

You can learn virtually any of what they have to offer and without the hype, right here on BP or by networking with other investors, for little or no cost.

I know the general consensus is that HOAs are from the devil, lol, but this one only has 2 members. one for the first 4 condos and 1 for the other 4.The HOA currently has $2000 in it for upkeep and improvements (which are very much needed) and its only collecting $75 a month for dues.Looking at the HOA, it looks to be bleeding.Anyway, I have the idea to offer a master lease at $3000 a month for 3 years (it currently collects $3720).

I may not have a lot to offer, besides my time and a construction background, let me know how I can help!

I am in awe of the wealth of information that BP has to offer.