It does exactly like you said (shows owners, their title and drawings of the relationships to said entity) and more.

While I'm still not 100% sure we have made the right move in terms of numbers, I'm pretty confident we are in the right track based on what we have taken into consideration Vs what we've been reading.Now back to my question, our first rental is been on the market for a little over 2 weeks and after reducing the price a little we got a better response from potential renters.

While I'm still not 100% sure we have made the right move in terms of numbers, I'm pretty confident we are in the right track based on what we have taken into consideration Vs what we've been reading.Now back to my question, our first rental is been on the market for a little over 2 weeks and after reducing the price a little we got a better response from potential renters.

How should I structure the deal with him so I don't get burnt and anything else I need to take into consideration ?

I am guilty over the years of drawing a line in the sand also, and in retrospect, from the viewpoint of decades later, I was wasting time, emotional energy, and relationships. 

We didn’t think we had to – and it nearly cost us the relationship.Moving forward, the best advice I got on this subject came from my buddy Mike Tarpey and again from my main teacher Bill Cook.Bill put like this: anytime you enter into a business relationship with a friend, you should draw up your agreements as if you don’t know each other.

I agree with Karen, go to a smaller boutique firm if you're not interested in cold-calling, but there's a draw-back.

sold thanks everyone for the consideration, I'll keep posting deals I find!

Screen applicants as normal and select the most qualified without consideration for the contractors offer.

If I understand you correctly, I would then only be able to use the IRA to purchase property to fund/expand the IRA itself; i.e. none of the profits would come back to me as income until I & the IRA reach an age where I can draw upon it without penalty.