You can do a contract on behalf of your IRA, though, and close the contract pretty quickly.There are a number of prohibited transactions, such as buying this house from yourself, your parents or you kids.

Of course, if you only need 2 or 3 per year, you may have no choice.Locally, there is a "Rent Check" service, although I have no experience with them.Be aware that there HAS been talk in the legislature regarding limiting or prohibiting application fees here, because there ARE a number of unscrupulous types charging obscene fees.

Minna,All of the major institutions I have dealt with have a clause somewhere in there 4 to 10 page purchase addendum - that prohibits assignment. addendums are binding and it pays to read all that mundane legalese - you'll probably find a single sentence or two in there, somewhere!

Hill said McLeod told investigators that he "started out honestly but along the way began skimming the equity" from refinanced homes.McLeod, 31, of Gaithersburg, pleaded guilty to felony theft, embezzlement and prohibited activities while acting as a foreclosure consultant.

The area around here ( Jackson County) is not big on industrial type development (no particulate polution) and we have land use laws the prohibit growth.

The prices/taxes/insurance are prohibitive to cash flow here, so I am currently researching markets outside of Florida.

The disqualified persons and prohibited transactions rules still apply, and the penalties are very stiff is you blow it.

So my insurance doesn't prohibit it, but the rep discouraged use.

I assume there is no prohibition or restriction on partnering with others ( like friends and acquaintances) so long as they are not solicited publicly.

The following statement is from a weekly email that I get: "Credit contraction almost prohibits inflation, the real worry that keeps Ben up at night is DEFLATION which will certainly occur if banks are not recapitalized quickly and then find individuals and corporations that wish to borrow.