So that leaves solo K or checkbook LLC IRA.I think I have a handle on the checkbook LLC IRA, and the sizable but one-time up front fees to get it set up (perhaps $1,200 I've seen), with minimal ongoing custodial fees since the custodian only holds one asset, namely the LLC.As for the solo K, I understand that it requires a current active business (Sch C or corp) to create the plan (ie. being a full time investor holding Sch.

I authorize the payouts.

It has assets including 3 pieces of real estate.2.

These are emotional retail deals and typically are a liability rather than an asset.

My former business partner and David Buttross, a local real estate mogul, co-authored a book called Long Term Greedy recently.

I have approached 5-6 banks with deals, and none of them care to understand the asset class.

I've acquired many estate properties via assignment and acted as PR then distributed assets (real estate to m, Purchase Money Note + other consideration to assignors) but then I get stuck with any fiduciary baggage that crops up.On the other hand, it may be necessary to obtain a court order confining the sale.

This generates the list of needed documents in order to prove the information that has been put on the 1003 which can include income, asset and liability information for the borrower.

If you (or anyone for that matter) does any type of financing where you have no money into the deal, you must make sure you are getting one heck of a deal at purchase, otherwise, you risk having an over-leveraged asset that could come back to bite you.

A NON cash flowing asset.