I don't do regular banking with them but I have 8 portfolio loans with them.

The property must be income producing and some will not lend on certain property types like raw land or mobile homes; others require higher down payments, and so on.The IRA itself is the borrower and the IRA must make the monthly mortgage payments.

Why would you give up the real tax advantages and cash flow of a single family rental for having no access to the cash flow while it's in the IRA and having all your cash and gains taxed as regular income when they come out?

On maintenance costs we like to separate the unit turn costs from regular maintenance to track both.

Disposal of fluids can be done properly, it's when they aren't you can have an issue.Noise is another issue to be covered generally, so revving up an engine constantly (as if they think they know what they are doing as old hot roders did) can be a noise issue.My lease prevented the tenant from keeping any inoperable machinery on premises or parts thereof, which meant all vehicles, lawn mowers or any gadget had to be operable, vehicles had to be titled, licensed and insured.The outside had to be free of clutter, trash, salvage or personal property not designed specifically as lawn furniture or for outdoor cooking and such was to be stored from view from the street when not in use.Those types of covenants will take care of a vehicle on blocks or an engine sitting in the yard.I wouldn't say anything about some minor repair being made to a vehicle, where do you draw the line, changing a windshield wiper or adding fluids or pulling the transmission. so long as it's done in the day and operable, doesn't cause toxics to spill, doesn't produce unwanted annoying noises, isn't a safety issue, is kept clean and neat, what's the issue?

The hour it to took to work on the website I should have put towards searching Craigslist, or driving for dollars, or other more deal producing activities.

I am all for setting myself apart from the regular investor!

Reducing the cost of living will probably produce a commensurate drop in income, so this is not necessarily the way to go, just something to think about.Good luck to you.

There are a few Canadians like myself who check in regularly.

And I have leads on a regular basis that I can refer out to someone.