What they did not realize is that if you want to sell the property after purchasing you first need to perform a quiet action title to clear the title or else the previous owner could potentially come back and attempt to cloud title.

They are not typically designed to create a profit for the person running it, although frequently that person does well on the deals that come through the REIA's membership.

Let them set a month to month lease and then pay you as the cleaner/maid/contact person.

All transactions involving your IRA must be "arm's length," meaning that you or any other "disqualified person" can't be involved directly or indirectly, and that is not the case as you described above. 

The reason I am sharing this, is the investors are taking action.

You bring up syndications at an interesting time, given the many established ones that are running into issues at the moment.  

Back to your original topic (we investors do chase rabbits sometimes)...I am not aware of such a place that is not already in an established tourism/STR market.

That person is brokering without a license.

The Title company does  a search to see if the person selling has the legal capacity to sell, to find any  other owners, mortgages and liens on the property and to identify anything that may affect ownership to the new buyer.This is all done prior to signing for transferring ownership.It is not related to doing the Lease or the Option.Yes, the option fee is used as the down payment.

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