This is a bit complex so I linked two blog posts from here on BP about the topic.  

For the past five years, I have been managing a 144 unit apartment complex here in OKC.  

Hi,Just wondering if there is anyone out there that invests primarily in condominiums as a long term buy and hold strategy.  

Because this is a complex transaction and a lot of stuff can go wrong.  

Im looking to buy a 26 unit complex, its buy point is 185k, its city appraisal is 150k, its comp ranges in the 220-600k range.Im looking for funding, but I have bad credit.

Bought a complex with 8-4plexes, plus two SFR's.

All mortgage payments or condominium and association fees will be current at Seller's expense at the time of closing.5.Payment of Expenses:If Buyer fails to perform, all loan and sale processing and closing costs incurred, whether the same were to be paid by Seller or Buyer will be the responsibility of the Buyer, with costs deducted from binder deposit.

Lots of potential with a SDIRA but also a lot more complexity and risk.

If you had sought out professional investment advice in regards to the effects of taxation on your investment from a suitably qualified CPA then you would probably not be having this problem.I hope other investors who read this thread appreciate the complexity the taxation implications can be on an investment and seek independent advice before purchasing/investing.

With a degree in economics and a stint in commercial finance, the complexities of the moving parts attract my mind's interest.