Hi all, as seems to come up every year or two, when I am scrambling to figure out how to minimize  the club over the head,  the internal temptation of a SDIRA arises within.

Also and more importantly, when you are creating a sub series - do you need to register it with the state or is this purely internal bookkeeping?

Underwriters can't make their own guidelines on the spot either, there are THOUSANDS of guidelines for each program and product type.Also each company adapts the Fannie/Freddie guidelines in their own internal systems, so it's not a word for word match to the Fannie Mae selling guide.  

I would imagine any good property manager can assist with that, if they don't have an internal rehab team they should know and partner with contractors.

So that settles my internal debate. 

We have an intern that does the first pass to see if it is even within shouting distance and if it makes the cut, my partner or I will dive in deeper.

I was proposing same terms as above but on sale of property but Eventually when the property sells, we propose that the internal rate of return be fixed at 8 %/year on the initial down payment amount for both parties.

Hope all is well with you...I have an opportunity to travel internationally for a week in early summer (we have just 1 rental in the US, and we will travel to Europe)Has anyone traveled overseas while hosting, and if so, did you have any trouble with VRBO, Airbnb, wifi door locks or other apps/property management software?

Due to the next global economic downturn getting closer; my main focus this year and next will be within international property bonds, wine, bridging deals.

@mirianhuish I recognize that black and white photo, you must be with Chase International.