and are you certain that the appraisal is based on AS IS value and not subject to value (ie value after repairs)? 

Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.  

Seller financing or subject-to financing (taking over the seller’s existing mortgage) can be great options if you find a motivated seller.

Look at the current inventory, days on the market, and previous sales in the last 6 months that are similar to your subject property within a mile radius. 

.🔹 Ideal in Any Market – Whether home prices are rising or falling, lease options allow you to lock in today’s price while benefiting from future appreciation.Other creative strategies—like seller financing, subject-to deals, and the BRRRR method—can also open doors, but lease options remain one of the most powerful, low-risk, minimal cash out-of-pocket ways to build a portfolio.

There is nothing illegal about Subject To, Seller financing, etc in general.   

If assumption doesn’t work, consider a subject-to or seller-financed hybrid deal.Would love to hear more details once you clarify the lender’s stance—keep us posted!

This is from navigatehousing.com: "According to OMB’s guidance, any program that provides direct benefits to individuals is not subject to the federal funding pause.

Thank you,Phil Don’t have any experience with the mentioned mentors, but I do have 45 years experience in commercial real estate investing.Flipping (wholesaling) commercial properties require the same base of knowledge (real estate principles, real estate law and real estate finance) that is a foundational requirement for flipping residential properties; PLUS, extensive knowledge of the commercial property TYPE one is trying to engage with, and extensive knowledge of the local real estate market for the subject property type. 

Not to stop the triplex dreams here but a traditional connected triplex in Houston is subject to the commercial building code (fire suppression systems and such).