回复：I will play devil's advocate

1。 Once you have the knowledge, it is not complicate at all.

2. Not correct. Actually you are the manager. You take care everything yourself. For all repair work, if you do it yourself, you will not get paid. But if you ask your friend do it, he will get paid from custodial. But he will get a 1099 at the end of the year also.

3. Mortgage is available, but not easy to find. And it has nothing to do with account owner's credit score.

4. Yes, same as any other traditional IRA. It also can be Roth IRA. Then there will be no such headache.

5. Yes. But also no income and capital gain tax.