@Ed E. 

When does your lease expire?

Show stability and liquid assets (ie high reserves) making note of over leveraging in 2011 which you will not repeat now or in the future. 

Read the free e-book for beginners, listen to podcasts, read blogs & forums, network with others on BP (especially in your area).

Bob E.

I've called my bank and they have no product to help me (and had no knowledge of what an SDIRA LLC is)...and maybe there is no option but thought I would check with others.When establishing a checkbook IRA what do people do for the actual checking account...meaning,If I have 200k that I want access to I understand the steps required to establish this SDIRA but I hate to leave 200k in a checking account and earning nothing or very nearly nothing in investment interest...I will have the 200k sit there until I find the right investment, maybe the investment doesn't use the entire 200k, and/or then there is the money coming back in from rents I don't really want that to sit either.I do realize that I can buy other investments via this account but what is the best way to do so while still remaining liquid so I can pull the trigger on the right opportunity?

I think I will stick with my Single families where i can get $200-300/mo positive on 15 year financing, and be quite liquid if i need to sell one here or there, with good management in place it really doesnt matter if they are all under 1 roof or you own a bunch of roofs, it just runs with little intervention.    

BUT THERE IS A REALLY IMPORTANT TRAP TO SEE WITH SCHEDULE E: your Schedule E returns have a line item of "Cleaning and Maintenance" (line 7), "Repairs" (line 14), and "Other" (line 19).

Aloha e @Howard Soon!

that you are not going to extend their lease beyond its expiration date.You can do it one by one, so that you don't lose income on the units that are not yet rehabed.