He's employed me to list 4 private bedrooms on AirBnB, and to develop a way to automate the rental system. 

If you use a non-recourse mortgage, the IRA is also responsible for paying the mortgage payment each month, as well as for paying a tax called UBIT - Unrelated Business Income Tax - on the net income generated by the property that is attributable to the financing.  

As long as you find a provider you really trust that can show you real-world numbers and not just flashy ROI estimates, turnkey can be a really amazing way to generate passive income.

@Ryan Driscoll  I have owned real estate companies and mortgage companies, and employed 100's of agents over the years.

Well it has been a few months of hard work and perseverance but I finally closed my first wholesale deal here in Phoenix, AZ ($18K) in the first week of May.  Here is where it all started... I had been passed on an ex...

I personally don't see how one can generate any real cash flow off property that's 1% or less.

I want the ability to be financially healthy with no worries and to leave a legacy for my children and future generations.  

My plan is to flip some homes in the short-term to generate some income with a long-term goal of acquiring 10 plus rental properties and establishing a portfolio that provides a monthly cash flow. 

I drove an older but decnt truck, ate well but cheaply etc.....Not sure what the labor market is in your area, but around here, small town WI but touristy and industrial, employers are BEGGING for more workers at $10-15 hour plus.

My goal is to buy and flip SFH's to generate enough capital to convert to a buy and hold strategy.