@Eric Carr yes, you are correct and I was mistaken!

Is this correct? 

If it is cash basis, the book does not really show accurate information such as the checks you actually sent out but not hit your bank, the insurance you paid for one year but it is expensed at one shot at the time, you receive invoices from your vendors but those are not recorded as your payable.With that said, if you are "not" familiar with accrual basis accounting, you should just book in cash basis because it will be easier for accountant to find out what is correct and what is not. 

He pays the rent correctly and on time but he expects like this.

All this is in regards to a house being sold in Panama if I am correct.

Last night I learned the basic benefits, how to do it correctly and what not to do.

Most new investors think that picking the correct area is the way to make money and become rich.  

Does that sound correct?

@Scott MarshallYour understanding is correct, since the client owns equity interest in this other entity, a transaction between his IRA and the entity would provide him with indirect personal benefit, which makes this transaction prohibited. 

Also you can call third party management companies to find out if they have any owners looking to sell.Mail can be somewhat effective if done correctly.