SDIRA/LLC prohibited transactions

[Jim Bentley]

Thanks for the info provided to my previous questions; it's been a big help. I have a couple more questions about self-directed IRA/LLCs.

- It looks like my wife's parents are not defined as disqualified persons; sons-in-law are disqualified, but not fathers-in-law. Is this correct? If so, would there be any issues with using my father-in-law as a property manager? He's been doing his own rentals for 50 years, and he's a licensed electrician. I know he does quality work, I can trust him, and I'd just as soon pay him as a stranger.

- The rules allow for gold American Eagles as a valid investment. Is it legal for my LLC to purchase these, and for me to physically retain possession (in a safe deposit box)?

- Similar to the American Eagle question, if my LLC purchases a physical item as an investment and then resells it at a profit, are there any problems with doing so? (e.g. I found an AR-15 at a local gun dealer for $1500 yesterday; I know I could resell that particular model for twice that.)

My impression is that the all three of these are legal, but they seem to be veering into 'to-good-to-be-true territory.