He has paid late, with late fees, every month since then.

Also, ideally, I'd like to hold on to my properties for 30 years until they are paid off. 

Well worth it but what started out as fun hanging out with friends, I ended up with complete strangers and almost feeling like a captor in my own house luckily once my girlfriend moved back I was able to take back a full paid off house and enjoy the major benefits of not having a house payment.Single Family Residence: Bought first one in 2010 at auction for 26,500.

The income from the property will belong to the IRA (you can't touch any of that personally) and all expenses must be paid from the IRA. 

It must be paid off first.But if maybe your parents pay it off and you still have $80k you might work with it to invest.

The interest paid on the amount of remaining debt that you refinanced is still deductible as mortgage interest on the investment property (whether or not you have an LLC). 

But she never paid the extra $50. 

It seems to me I should get something for agreeing to getting paid over time.

All utlities are paid for by the tenants except the water ( very costly and part of my plan of action for this property).  

All utlities are paid for by the tenants except the water ( very costly and part of my plan of action for this property).