You are very correct about them being jointly and individually liable for the balance of the lease.So, for me, I would just do a background check to make sure they aren't a felon etc.

GuysThis is sort of a continued post from the thread belowhttps://www.biggerpockets.com/...I have a few k1's with syndicate and ATM funds which have invested in many states (12 for me). I spoke to my local CPA and he ...

A great mortgage broker will help advise you, based on your individual situation. 

Fourth, start networking with local investors and like-minded individuals.

The private equity individual will be paid off at the time of refinance as well.All in, we purchased a six-unit apartment building in one of the best areas of Minneapolis with a total of ZERO DOLLARS out of pocket!

@Eric EckmanI am at equity trust, however other companies allow self directed IRAs with check writing.As others have said, you have pierced the bubble in not keeping your individual vs Ira separate.

After numerous phone calls with the post office and the city, I had to speak with the city's Engineering Division: 'Dept of Community and Neighborhoods' of which she gave me a checklist of what was required.If your 4plex is in Dallas, I'd recommend calling the city of Dallas Engineering Dept. 

I am located in PA and am trying to purchase a property to rent to an organization that provides transitional living and services to individuals.

Ive worked with numerous sellers who do not want their financials passed around to people who have no ability to buy the asset we are selling.

The other mistake I see individuals make when hiring a manager is they hire a Realtor that doesn't really do management, but will as a side hustle.