All I know is my mortgage is due on the 1st, and I haven’t received rent from the company until at least the 10th for the first two months they’ve been managing it.

@Caryn CasarezI'm sorry, but it is impossible to determine what exactly you are asking.If the IRA receives profit from a deal, then the profits must be returned to the IRA.If the IRA is partnering with another investor, then that person will receive their profit directly from the closing process, not typically from the IRA.

I'm currently working on building up my rolodex, and once I have a comfortable buyers list I'm going to start doing paid advertising to attract sellers....I want to make sure I can handle the response I'm expecting/hoping to receive.  

I've used this particular manager for 2+ years now and haven't received any complaints until now, but this one sounds like it could go poorly for me.I received a letteryesterday from the MA Commission Against Discrimination.

If you charge yourself rent, you both are receiving income and paying an expense as a tenant, which is a wash.

BP is an excellent source for vetting turnkey providers, simply by looking up the companies using the search function.

And help with any setup questions once you receive the units.

As recent as the last 8 days I've received tapes and am looking at these valuations shaking me head thinking "IS YOU STUPID?".

E.g. 1) Form LLC 2) Find credit union that lends to investors 3) Supply proof of funds, etc. 4) Receive pre-approval? 

This was an excellent thread - thank you for sharing your experiences.