If I do not get the cap rate I want I can simply hold the property for a long time and cash flow very well until then.Generally the target buyer is out of country investor looking for low yield and to place money here, a retiree looking for a coupon type return to live off of, or a 1031 buyer will larger tax implications if they do not complete an exchange.

Postcards work great, you can also do bandits and post on social media.I have a one page purchase contract we use in many states with no issue.

What are the implications from book keeping/accounting and compliance perspective?

Right now I tend to be quite shy and am working on developing friendships and putting myself out there more so I can start building up my social and networking skills.

.- The loan doesn't show up under social security number of IRA holder

Account ClosedThey would have to have a social security number, credit established and citizenship. 

You pay all the taxes including social security.

@Taryn Spiller - I would recommend a mix of social media, referral bonuses to top tenants, paid ads, yard signs, craigslist, and sites like Trulia, Zillow, and Hot Pads.

Marketing is very important to get buyer leads on advertisements and on social networks.Have a good criteria to go by and change it as you learn and stick to it no matter what.  

The person cannot refi because she has no income except Social Security & pension which at this time; expenses are $500 a month more than she takes in.