You can find more in depth info on prohibited transactions and disqualified persons here.http://www.irs.gov/Retirement-Plans/Retirement-Pla...It's a surprisingly concise overview on the whole topic.Hopefully that helpsAdam

Don't be surprised if they know good and well they have a good deal and just want to keep it that way.  

What is the most effective and convenient way of collecting rent money from your Tenants?

I've heard horror stories about mold removal and how costly it can be, I would get a quote during your inspection period if your offer is accepted so there are no surprises.

I found it rarely easy to build rapport with sellers and get on their level.Something that surprised me?

This surprised a very mystified probate seminar guy Jim Banks who had invited me to lunch.

Lower crime area surprisingly.

Hi Thomas,First, regardless of whether you own in your personal name or LLC, you really should have all of your properties on a commercial property form master policy type policy, with an agency that is licensed in all 50 states for many reasons, not the least of which are convenience, incrementally lower premiums, receiving some coverage you cannot obtain on a "personal" lines policy and really because anything used to derive income is considered by the IRS to be a "business" exposure, just to name a few.Pricing and structure of course vary by carrier and there are less than a hand full out there that can structure things the way I've suggested.Hope that helps.Ivan

What's the most surprising thing people don't know about the staging process? 

It is surprising how few times tenants "intentionally" trash a house.