Qualification involves being both self-employed and having no full time employees in any business you control.The Checkbook IRA LLC is also a great vehicle for diversifying retirement savings.The best thing to do is speak with a few professionals who offer checkbook control plans of both types and determine what the best fit for your situation both today and for the long term may be.

I'm trying to determine how to determine the ARV of the property because the property needs repairs on both sides.

Since they have a lot of stuff in the house already, it's hard to determine accurately the state of the house which will be needed when they move out. - Should I still run the background check and everything on them/process them as a regular applicant?

The house has a detached garage with an attached studio (planning to reno & live in it).Currently renovating, but need help determining if the kitchen wall upstairs is load bearing and if I can remove it.

I would try to absorb as much free content as you can to determine how you want to acquire the rental property.

@Hanna Park  the wifi is probably the easy part; who is paying for the water and electricity and how much will be harder to determine in most duplexes.

How should we determine what happens with the property if either of us dies?

to be determined Lessons learned?

to be determined Lessons learned?

Cash flow is only one factor that determines if an RE Investment will be a good investment.