The only exception to this is if the tenant is 18 and does not have a credit score I would not rent to him or her because it is too early to know if they will be responsible and I do not want my property to be their first experience living on his or her own.

Thanks for the quick response.

It outlines techniques for getting your ducks in a row, then goes through all manner of rough numbers which I've found to be pretty accurate.

I've asked them where to send the 1099 and gotten no response. 

I know that doesn’t jive with the thinking on BP but in Hawaii your lucky to break even on a rental.How to you tag a person in a response?

Assignment contracts are pretty simple, it can be as simple as a single sentance: I Carlos assign all my rights and responsibilities for the purchase contract of the property located at (address) to (assignee’s name) in exchange for (assignment fee).  

What a POWERFUL way to teach personal accountability and responsibility for one's destiny!

Most will include language to hold tenants responsible for rent till landlord finds a replacement tenant.

With a self-directed IRA you are in charge of what you invest in, therefore the due diligence on the investment is something you will be responsible for. 

as always, I appreciate anyone's response and advice!