Mark Updegraff , thanks.I got the idea from a local convenience store that had a poster listing their bounced check customers.

Its much more convenient and efficient for the IRA investor to setup the LLC so he/she can invest at their own discretion.

In general, I would think a racist leaning person would make comments in such a style, but you never know.

Another thing to lean toward would be 3/2 or higher type properties.

You can make it as simple or as involved as you think necessary, but I lean toward a more involved wordy contract...the hold harmless and indemnification agreement alone is a page, sometimes more.Things to cover;You'll need to assign the company name with the Secretary of State where your company is registered.

How convenient for us!

But after looking at the numbers, area 2 is more expensive, taxes are a lot higher yet the rents are not significantly more.A 3 family in area 2 can have taxes as high as 8-9k.I'm leaning towards area 1 but are there other issues I should consider?

I will say I am currently leaning towards doing without, for now, and pursuing REI.

I tend to lean that way (over-complicating things), so I have to watch myself.

I wouldn't mind paying $40 more for the convenience of not moving year after year and if the property is truly a deal, an investor loan vs conventional loan wouldn't matter much to me.