And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

make sure to look at everyones bio to help get a understanding as to what they are looking for and how they can benefit you!

But if you engage in an unrelated business such as flipping, as Jim mentioned you need to be aware of the UBIT.3) Under some circumstances this could be possible, be sure to discuss your particular situation with a qualified tax professional. 4) You need to understand the prohibited transactions rules, all of the transactions involving your IRA must be 'arms length',  you nor any other 'disqualified person' can not receive any personal benefits as a result of it and are prohibited from providing any services or do any work on the investment. 

@Elena Jobson  from what you describe... anyone telling you to get a lawyer is very poor advice the money you would spend on a lawyer would be more than to fix a few plumbing leaks and a dishwasher that probably just needs the plug taken out of it.hot markets are like this.. in many markets you only get an inspection for your benefit the seller does no repairs its that hot.if you really think you have a bone to pick this is what small claims is for. along with checking on the permits.. if this is a licensed contractor he may have a bond and any contractor does not want a complaint filed. these things happen we build brand new homes and there is always a punch list. and such.. its just common.

Just have the rent withheld at their special title co for your benefit @Andrew Karpman.

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

This would benefit me via depreciation and also all my other carrying costs in 2016.Thanks in advance for the advice!

I will be meeting with a lawyer tomorrow to discuss LLC's, tax benefits, and how to make the CPA's life a little easier with the bank accounts and credit cards.  

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

I want this post to benefit those who are starting out in real estate and want to believe they can succeed.Don’t take this as me bragging about my accomplishments (most people don’t even know that I own a real estate portfolio, outside of BP).Real estate sucks.