@Percy YarlequeYes it is still prohibited because you own the LLC. if your Ira purchased it in the beginning with the HML you could do it —but you may have to pay UDFI tax based on LTV and income. 

Not sure what the other banks are doing but it sounds like their guidelines or overlays are really strong and prohibitive of doing certain kinds of business?

Your Checkbook 401k could invest and obtain a non-recourse loan to finance the investment - in which case you would have to avoid any "prohibited transactions."

If you have month to month you can then send out an ammendment prohititing this  sort of thing.I specifically prohibit outside storage of cardboard boxes.

It also was the banks contract and any changes to that contract were prohibited.- Tom

Flips are prohibited for 1031s.

Things I need to know- Those who have done the MHP thing....isn't the cost to move trailers onto the property prohibitive?

Of course it was grease and tampons causing the stoppage, which is strictly prohibited by our lease with all residents.

I own SFH's in Indiana so I can't really speak about Multi but I would assume it was cost prohibitive when they converted the house to multi.

@Will StahlYou should look to see if what you are doing is a prohibited transaction.