Networking is vital here.

Having experts in this space on your team who can guide you as to the IRS rules as you invest with and operate an IRA owned LLC is vital.  

Major components to view finish is 'how done are they'Electrical, HVAC plumbing.Big difference between just needing outlets switches and still need a portion of electrical done.Keep in mind most banks don't like to lend on non move in houses to average buyer. 

it would depend on what portion each side is paying.

Not to disagree with Charles, but (pedantically) it's not having high net worth that limits you - it's having income of more than $150k per year.Real Estate professionals don't have that limit but...you need to work at least 750 hours at it AND it needs to be your largest portion of work.

In many areas, a handful of brokerages deal with a large portion of the REOs.

I said any property deal closed in my favor I will give a portion to this website because this is the only site I know of that has real reply's I can use.

So the $64 is extra on top of what a similar house in a non-HOA neighborhood would cost per month.Now if you could find a way to determine how much of a condo's monthly fee goes to cover the exterior of the unit, I think you could consider that portion to be within the 50% rule, since you won't be paying for the upkeep of the exterior.

"Paying yourself first" involves taking a portion of that net income and putting it away before you blow the rest.As Bill said, most gurus say 10%, but more is better."

Joseph,If I were investing, I would personally want a fixed interest rate and a portion of the profits IF you have no prior experience at all with REI.