According to the metro ATL Chamber of Commerce the metro area is actually comprised of 20+ counties so it’s a rather large area and you can find good opportunities outside of the city and those are typically a lot safer investment long-term.

If you didn't over-pay for the house and he didn't charge you closing fees I'd just adhere to w.e he says....Your best bet is to post on Avvo and see what the lawyers say (its free).

Every complex will have their own policies that must adhere to state law.

When is used a property manager I was typically paid the 10th of the month.  

@Caryn CasarezI'm sorry, but it is impossible to determine what exactly you are asking.If the IRA receives profit from a deal, then the profits must be returned to the IRA.If the IRA is partnering with another investor, then that person will receive their profit directly from the closing process, not typically from the IRA.

If you were to jump off the deep end it would be less stressful to put it in the hands of a professional and you can bypass the learning experience.The second issues is money - it typically takes a LOT more money to buy a larger complex. 

Even better if you keep track and can prove you adhered to your criteria and that it's consistent. 

Typically, selling in your parent's name and buying in your LLC, under audit, may result in a disqualified exchange.

Typically if they really really want your project they will figure out a way to solve this issue (think Amazon).

The current market rent and price is in the agreement above… Does one typically go higher or lower than the market rent/price on these sorts of agreements?