In mid-December, the National Association of Realtors released a report identifying DFW as one of the 10 U.S. home markets expected to outperform over the next three to five years.

FYI this site says that it will work if you meet the following criteria"You can use this program if:you do not have a lawyer,you own less than 3 rental units,you are the owner and landlord of the premises,you are not a corporation or voluntary association,the premises is not rent regulated"Here is the link for Upstate NYhttps://www.nycourts.gov/court...This is the link for New York Cityhttps://www.nycourts.gov/court...The site has plenty of other do it your self information that can be found here https://www.nycourts.gov/court.... 

Therefore, you will want to confirm that the trust company allows for investing in an LLC and the associated fees and minimum balance that applies to the IRA account.2.

On the other hand, keep in mind that there are costs associated with maintaining an LLC (such as the $800 annual franchise tax in California).2.

I had a house that just before I closed (when I bought) the bank let the basement get water in it (no power or sump pump and a 60 degree day in Feb caused it).

@Bob Prisco because I like the properties and the price point Have no clue of the process to convert from cesspool to septic or associated cost

Use a regular checking account to deposit rents and to pay any expenses associated with the property.

From what I can tell here are the pros and cons: Pros:* less taxes to pay on the multi-family vs. two condos* no need do the additional taxes associated with an HOA* Since I own both condos in a 2 unit HOA.

But the word 'HELOC' is traditionally associated with 2nd mortgages on primary residence, so I think, in addition to making some relationships with smaller banks in your community, ask them if they grant homeowners secure lines of credit with the homes as collateral in first position.Remember, there is a thing called a CD Line of Credit - for example, you put 40k in a CD(this is a terrible investment, by the way, but I am doing this for illustration) and then you tell the banker you want a line of credit secured by the CD. 

@Pete Jimenez Yes, you are still successful to a degree if you have to leave money in a BRRRR.