Project Manager / Administrative Assistant.

Some will charge a percentage each month but also a start-up fee, a leasing fee or lease renewal fee each year, administrative fees, maintenance fees, etc.

The tax generally does not add up to much, and the IRA should still see a significant benefit of leverage in higher cash-on-cash returns than it would with an all cash purchase.You will want to have experts such as a CPA on your side if you choose to pursue such a strategy, but as I have noted, the boost in return can be well worth the administrative overhead.If you are self-employed and have no full time employees, a Solo 401(k) may be an alternative self-directed plan option, and such 401(k) based plans are not subject to UDFI taxation on leveraged real estate investments.

Drug overdoses, Theft, Murder, Lawsuits, Property Damage, even had a tenant try to burn down my personal house.....The wins outweigh the losses though.

when I first started researching investing in syndications, one of the first web pages I found was this:http://www.nasaa.org/22284/informed-investor-alert-private-placement-offerings/ Private Placements and the Risk of FraudEntities raising capital through private placements often have a limited operating history and typically have more modest revenue streams than larger companies.Because private placement offerings made in reliance on Rule 506 of Regulation D are not reviewed by regulators, they have become a haven for fraud.According to the most recent enforcement statistics from the North American Securities Administrators Association, private placement offerings are the most frequent source of enforcement cases conducted by state securities regulators.

Also -- in the "lessons learned" category -- if you don't want drugs in the house, make it an evictable offense in the lease. 

I do not face any technology sc**w ups.Only problem I ever face is NSF and the tenant pays all NSF fees as well as a administrative fee.

The administrator of the estate of the cat house was offered 500K for his parent's house.

@Amy Capozziello we have a 3 family home in CT and had similar stains on the wall but it was from smoking in the unit and also drug use smoke.

The person who owned the house was selling drugs and prositution from the house.