The business would be disqualified to his IRA if his equity is >49% or if he has any kind of control over the company equivalent to a director position.Even if the business is not disqualified, there could be issues with the transaction if it creates any kind of direct or indirect benefit to the investor.

@Vivek ShahBack in 2017, Fannie Mae quietly announced a change that allows transfers to LLCs under certain conditions:"The mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence)."

Send me a message next time you plan on being in town and Ill make it happen!

Some more details (more typing lol so please excuse any typos or short hand I use on this blog)I was in CONTROL of the deal the whole time, which everyone says is the #1  ( Agreement to Purchase or Assign, and the Assignment Contract.

So last year mid summer I sold one of my town homes, it was fully paid off so I ended up getting some cash around 95k.

You do have to watch flood insurance rates in all these towns too after Sandy.From a return perspective, vacation rentals almost never make sense.

No response, hire a locksmith and change the locks but charge the PM for failing to maintain control of the key.If a tenant refuses to allow access to show a property, I usually let it go.

They aren't the cheapest game in town but they do good work and can be trusted.

@Blane MorganThere are alternative structures providing checkbook control that do not utilize a LLC, which will be much more beneficial to you as a California resident. 

@Blake Edwards I don't care if they fund control , I just want the money for improvements, and acquisition of other properties.