Hello all,After a few months of having a property under contract and waiting for lawyers and title to clear everything we are finally ready to close on an investment property.

Then their lawyer operator left and was replaced and low and behold I was able to do single closings.

We are woking on it now and according to three lawyers I've spoken with, it's been around for a long time and since when is using a trust new?

- Don’t use a lawyer.

The conclusion was basically to check with a local real estate lawyer to find out for sure.

This way my partner and I would be able to combine our funds and buy a property without a need for a non-recourse loan also allowing us to avoid paying Unrelated Business Income Tax (UBIT).Here are some of the questions I have: Suggestions for a reliable custodian to insure I don’t violate any of the IRS transaction rules and also charges low fees.Does the custodian setup a SDIRA LLC or will I need to have a lawyer set this up?

@Tim JonesThe trustee is supposed to remain neutral, which means you can't act as the lender and the trustee at the same time.Trustees are usually a title company, lawyer, or a loan servicing company...

Lawyers and courts are involved.  

It can deter vandals and make any conversation recorded on that property admissable in court.I am not a lawyer.  

I currently have my team realtor, lawyer, contractor, & Im still looking for accountant if someone could recommend one that would be great.