@Cecilia ArnulphiIt is understandable if you don't work with self-directed IRAs on a daily basis.

@Ryan CashYou will want to pro-rate any days in sept (rent divided by 30 days = daily rate). 

I agree, there isn't any reason it can't happen, but there are additional concerns that most agents don't deal with on a daily basis.

Thanks.Ed HI Ed,I have a First Position HELOC called an all in one or AIO loan from CMG that may accomplish what you're looking for:- First Position HELOC- High loan limits - up to 2.5M up to 70% cash out after 1 M, from 0-1M its 75% Cash out, and up to 80% LTV for purchase and rate/term refinance- interest rate is determined by Margin which is fixed at 3.25 to 3.75% plus 1 Month Libor which as of 9/22/17 was 1.237%  so your monthly rate would be 4.487% - 4.987%.other pro's and con's- sweep account + checking account - the AIO acts as a sweet account so interest is calculated as "simple interest," daily and swept into your balance so if your balance is 100,000 and your annual rate was 5.00% then your daily rate is .05 / 365 days = .0001369 per day or 13.69 per day so at the end of 12AM at night your balance will be swept and completed at "100,13.69 total".

Hahaha not sure if I'm in my element but I am moving forward daily.

Are you looking for help with both daily bookkeeping and end-of-year tax filings?

I'm not much into buying books unless it's a book a house flipper will use daily.

My company now manages over 750 homes in Houston and Dallas and we do not take on low income properties because it is almost double the staff hours then a mid-level rental.. those are true facts that we tracked..If you were wanting to self manage and be in the guts of it all and be willing to let rents / late fees slide, are ok dealing with the daily drama etc.. then this could be good model for you to pursue

I would be happy to refer you to someone my office deals with daily if you need a quote for a specific property. 

I don't know where you plan to practice medicine but falling in love with Ashburn when you have to drive daily to [name any DC metro city not in Loudoun County] could be hellish.