I understand that the capital loss cannot be claimed.The entire intent to to practice parental largess without being subjected to additional taxes other than what is noted.Any comments or advice is much appreciated,Lawrence KaplanMarlborough, MA

Most of it I understand financial statements, LLC organization docs, taxes, stuff like that.

I’m an insurance broker who works in all 50 states and I see far too often people, and RE investors especially, do not have their liability separated out correctly to mitigate their personal risk..Over and over I get the same types of questions when insuring a portfolio (of any size) from people who do notnfIlly understand the lIabIlIty they are exposed to..What questIons do you often have about where your liability extends to or what you’re exposed to?

You may not personally benefit such as by drawing income from the rental personally, nor may you inject value into the IRA through the provision of goods or services such as performing work on the property.Basically, you get to be a fund manager and deploy your retirement savings into an asset class you know and understand with these vehicles. 

I understand these Agency cannot get the money lost back, but at least they will archive the complaint for others to view. 

@Steve DellaPelleGotcha, So just so I’m understanding this.

I understand that I cannot market what is not legally mine, so in this case the house.

We have cash available to make purchases, but I am trying to understand the process.

Hi BP,I've heard too many horror stories on property management companies that are not doing their job properly (i.e. do not provide best advice on hazards, termites, do not try to save money when it comes to minor and major fixes around the house and in general do not act as the owner proxy and serve his best interest).From one hand, for 10% (especially on low income neighborhoods) I realize (but not understand) that I can not expect property manager to take care of my house as its own.

You need an attorney who understands this type of law.