All the while, you always have control and nobody else, not even your attorney, can manage or sell your property except for you.If you need to prove ownership for financing or any other reason, you simple produce your company documents as well as your banking and accounting records.

As luck would have it, I lost my job a week ago.

you lost me on that one.

The state nexus is just general real estate law for the state and does not vary depending on whether IRA or non-IRA money is used.The exception would be if you choose to use the IRA LLC format in order to have more direct control over the funds.  

The HOA's have a million restrictions, they can change their bylaws at any time to forbid rentals, and the lack of control is not something I am not comfortable with.  

That way, if she defaults, you will always be ahead on the spread of rent, and will have lost nothing other than a potential property.

We chatted about the deal, but the discussions didn't get very far simply because it would have required a good bit of my time invested (perhaps not *required*, but I'm a control freak), and I'm short on time for the next couple months.The numbers needed to be substantiated, but they weren't too bad (in my opinion)...

The damage has been done but from now on you are in control.

````````````````````````````Do Not Buy an apartment building when you can RENT oneUse a Master Lease to control the property.Use a Master Lease to control the property, with an option to purchase it at an agreed upon price for a few years.

Others have been in your position before, myself included, and were able to get out of debt and take control of their finances.