This is a HUD/asset managers created problem.What's not been said so far is that the lure of the "Check book" SD-IRA has some issues they won't tell you:- Might be more at risk for IRS audit.

They are searching rehabbed sold properties on the MLS and looking up investors/sellers/buyers with multiple properties and then performing an audit of their disclosures and to make sure painting procedures are being processed correctly.

If it is way over, see if they can come out and do a free audit..

If they request an energy audit and it deems they would benefit with from more insulation, doors windows they will do it for free.

No proof of payment, no audit trail for source of funds, large transactions on a regular basis, not good for them or you.No credit history of mortgage payments to date, like I said, a lender will not take your word for it as you benefit from the loan proceeds......like, yes, they paid me before payments were due, greatest people I've ever dealt with, now,  please give them a loan so I can get my money :)Don't know what other deposits you make, but if you've been dumping more than a grand in as a lump sum for months and that was not customary for your account your bank may be doing (should be) doing "large cash transaction reports" with each deposit.I'd be giving my bank a call, explain you've been depositing seller financed note payments and that you were paid in cash, I'd explain the "ignorance" of the matter and ask for guidance.

The SEC is working through nearly 600 pages of comments on the Title III piece, but the problem with it is that, if and when it is passed, an issuer can only raise $1mln and the legal costs including providing audited financials is not going to be worth it for most companies.

You're going to have some serious penalties and interest if audited.  

To be an FHA direct lender you need to meet the following requirments: 1)Certified original audited financial statement with adjusted net worth of at least $250,000 that has been prepared within the last year.2)A senior corporate official showing at least 3 years of experience handling FHA affairs (loan origination and servicing background) 3)Multiple credit and background checks to verify legitimacy of the heads of the institution.4)$1 million warehouse line of credit or equivalent funding program to show liquidity and lending power.5)Business plans, quality control plans, E&O insurance policy, sanction letters, fidelity bonds and other formalities to provide security.As you peel the onion it makes more and more sense why some lenders offer certain services & products and why others simply don't qualify to do so.

Un-screwing the audited financial statement proposal for Title III style raises would be a giant deal too.  

I don't care to walk a grey line and risk anything w/ an IRS audit, but want to save as much $ as possible to throw back into more growth?