The real estate is effectively inventory in a sales business, just like refrigerators or stereos.Passive sources of income such as interest (i.e. hard money lending), rents from real property, dividends and royalties are not subject to UBIT.This concept is documented in IRS publication 598.The ROBS program is an entirely different structure as compared to a self directed IRA.  

I've basically just been a sponge for the last month.

It kind of feels like basically just filing the papers and not much explanation behind anything.

We basically don't have a back yard, but so far, stopping by the park regularly for our 1.5 year old seems manageable....

I've *visited* some older homes - a couple from around 1900 - but I didn't own them or live in them.The first thing that comes to mind is structural problems, like with the foundation or basic framing.  147 years is a long time for frost, water, wood rot, termites, etc to do their thing. 

I'm pretty sure the property has some equity and that' why I'm interested.He basically flat out told me for me to "just take over my mortgage payments, I don't want to deal with paying for it" He's not trying to make any money out of it, he just wants to move and no longer deal with it. 

However basically loos like what I get.

Basically, an alternative to simply searching for properties by location.

Which basically means that the tenant is unlawfully detaining you from the use of your property. 

He basically knows how I want things and just plugs in the new info.