Most SDIRA custodian/ administrators will require you to fill out a form to allow them to deposit the money into your IRA.5.

They want to see two years bank statements with rent deposits (small problem as some is paid via PayPal with debit cards, some is deposited to two different bank accounts and some of course cash that I put straight to expenses (or a weekend boat trip now and again :-).

.- have all security deposits and lease agreements transfer to the new owner(seller's and buyers attorneys should be able to handle that).- review all lease agreements and confirm their expiration date.- review all history of rents, write down any tenants names that show inconsistencies of payment and find out the story(s).- verify with the building department the property has a clean history of compliance.- verify the next building inspection date.- review PM terms and arrangements. - confirm all mechanical/utilities are owned free and clear (make sure there are no rented mechanicals/utilities, for example water softeners/purifiers). - Confirm the health of the T12 with your accounted!

I've heard that in Texas, the tenant security deposits have to be in a separate account. 

If you feel you're taking on significantly more risk, ask for a bigger security deposit.

I just tell them I found another tenant and they already gave me a deposit, but can I call you back if something else opens up or this guy falls through.

Imagine if I told you that same Roth IRA could be paid for by somebody else, depositing into your account every month, accruing both interest and appreciation.

At the bank under the name of the Trust, you can open various deposit only checking accounts for each property or unit etc. 

For my own Buy and Hold strategy I have turned to something that is truly passive, and with instant diversification.  

then you need a deposit (here it's 5% of purchase price) deposited at the courthouse 1 day prior to bidding.