Probably not enough the IRA to own real estate given reserves needed and such.

Ensure the property transfer doesn’t trigger your lender’s due-on-sale clause if there’s a mortgage.

Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.

Quote from @Isaac Terry: I was looking at homes in Akron & Clevand, they are affordable but since I'm out of state I'm not sure about pulling the trigger on investing. 

Your client should consult a real estate attorney to draft an agreement with the ex and ensure there are no legal or tax issues, especially since this is an investment property.

He then had a mentor that taught him one-on-one to invest in real estate.

Hi @Ethan Gallant, I am new to real estate investing and purchased a SFH in Ontario last year for $400K.

IRS CP2000 Notice: Why Real Estate Investors Need to Think State & FederalQuick story that could save you thousands in tax exposure...Had an investor client who received a CP2000 notice for unreported rental income.

My primary is not ready and needs more work before I pull the trigger.

My Wife and I are going to pull the trigger in 2025 and are looking in the Central PA area to buy our first STR.