I would like to know what my options are to make sure tenants in a duplex are actually paying their water bills.

I know there are restrictions on how you can use the proceeds from your SDIRA investments and I do need the flexibility to pay myself out of the cash flow from real estate investments.

Note, you don't "Take over" the mortgage typically, you just pay as the successor once you legitimately establish yourself as the successor (Will, Trust, Court Order).

My thought process is to purchase the property initially under my name so that we can pay 5% down as my understanding is that mortgages to LLCs are more difficult to find, have higher interest rates, and require a higher down payment (around 25%).

If you're expecting guests to visit and pay for the privilege, it's best if it's in a location that you personally would visit or an attractive destination. 3.

They suggested that I take the steps towards acquiring my first primary residence now because it could pay off in the near future.

One way to handle this is to stay in the house while it is vacant, or pay a friend to house sit until you find a tenant.

ConsMore complex setup - lawyers and regulations can be a mazeLess flexibility - the structure is more set in stoneHigher costs - gotta pay fees to keep things running smoothlyMy Take:Sounds like syndication might be a better fit.

Instead of fighting the high interest rates, take advantage of them by buying secured first trust deeds currently paying 9.5%.

I like military bases to be near by and look at what the gov’t pays for rents, which is how I set my goals for my monthly payment on the houses I buy.