In order to get the highest CMHA rent possible, your unit will also have to be fully rehabbed, you will need to provide all appliances, and pay all the utilities. 

If you own a property outright and get sued that property can be foreclosed on to pay that judgement debt, but if it is fully leveraged with a loan it isn't worth them trying to foreclose on because there isn't enough equity to make it worth the effort and expense. 3.

I had sold a dump truck back hoe trailer on contract.. guy would not pay me. 

So, if I did do it that way I would need to pay gift tax on the money he gave me for the rehab, correct?

You don’t pay any capital gain taxes.  

For all of you W2 guys and gals out there if you lose your job- try to get a new job as soon as possible that pays as much as the old one.

I'm a put your paycheck in the bank guy, not a collect rent, cover the overhead, and pay the taxes type of guy.

Yes waaay to complicated now, there were just some who are now making all of us pay for their sins.

On the flip side, some accountants you end up paying more for things you don't need.

Because one of the best things about investing in real estate is the tax benefits. when you invest with your SDIRA, you do not get to take advantage of those benefits. but with notes, where income is interest income and typically taxed at ordinary income rates - that is huge if you can defer or not pay taxes on that income.