To be clear, trying to decide whether I should hire a contractor or piecemeal the jobs to different subs.

Hello,I am in the very early stages of talking to a couple of different property owners about the possibility of buying their existing rental properties and them carrying part of the total purchase price as a 'second note' (assuming other lenders would only want to lend in the first position.These properties range from 6 to 8 units owned free and clear, a 6 unit with about a 40% LTV loan on it, and some single families that range from free and clear to 80% LTV loans.These could be done in a SDIRA, or not, depending on the benefits to each way.

it sounds like you're in the clear from that standpoint.

Personally, I think your role is best described as a finder, since CA has very clear laws concerning real estate licensees and investment advisors.4) If you want to attract money, watch what others do who do it well.

@John K.Our lease (actually the schedule 'A' to our lease) identifies the tenant is responsible for any by-law infraction fines assessed as a consequence of their failure to fulfill their obligations and responsibilities (put out garbage, clear snow, or mow the lawn, having non-operable vehicles on the property, etc).When we receive such a fine from the City, we pay it and then send the the tenant a letter and invoice for the amount of the fine, plus an administrative fee to cover our bookkeepers time to issue and collect the invoice {though we typically waive the administration fee on first offences}.

The information you provided is not clear to me, however.

House is 1280 sqft owner said its up to date ad owned free and clear.

You could of course claim any expenses or reinvestment against that income.You will definitely have to pay state taxes in Ohio.My biggest advice would be to incorporate an LLC with your aunt and make this all clear and legal.

Also, because this is a condemned property, does anyone know if I can send my inspector in with city permission, and not owner permission (she is current on her taxes and mortgage, not sure if that makes a difference...clearly not bank owned).Thanks!!

Hey @Abram Ylitalo - we gotta be colleagues to @mention me :) (OR I have to have already posted in the thread) As for getting locked out -just send an email over to [email protected] and they can clear it real easy.