This means:You must use a property manager; you cannot manage the property yourself.You may not personally do work on the property; a third party has to do it and the invoices paid by the custodian or the property manager.You may not mix personal and IRA funds or the entire transaction may become an "early withdrawal" from your IRA and taxed as such.You must report the market value to the custodian each year.Rental income flows into your IRA, which you can utilize according to applicable IRA rules.

Then she tells me I need to fill out this property tape sheet for the property, fill out a form 1003 and provide a credit report so she can shoot it over to the investors.

These just provide a minor bump in the road for anyone serious about checking you out or going after you.An entity will certainly provide some asset protection, and was a recommendation to us early on by our lending attorney, but nothing he felt strongly about.

Given that you are not reporting income, you would have to go the non traditional route to get a loan now.

However, don't just take their word without having any documentation or reports on your investment.

In order to dump dirt, you need a soils report to prove what the composition of the soil is.

And, they are so understaffed that the chance of an audit is pretty slim, but having home office expenses on Sch C of your 1040 return does bump you up the list in the 'red flag' department.  

I report their rental payments as well on the credit report, plus I give them a default rent payment if not deposited on the 1st of the month.

In total, the wires involved amounts that approximated the cash deposits.3.A U.S. bank reported that over a two-week period, a real estate investment company used cash to purchase numerous cashier’s checks.

Hello all,I'm in the process of buying my first home and have run into a few bumps.