But you should at least attend some meetings and let them know you are a homeowner in the community and that you're interested in being an active participant.

Would you be interested in participating in an interview? 

If they are participating in the profits and not charging interest, they will be more like a limited partner than a lender. 

., your parents and children, for example) by the IRS will be deemed prohibited.Unfortunately, such transaction would violate the following prohibited transaction:https://www.irs.gov/retirement-plans/plan-particip...

I have had clients participate in these non-trustee/sheriff sale auctions (I didn't represent them) with bad experiences.

Please see the following regarding the distribution rules.https://www.irs.gov/retirement-plans/plan-particip...

Generally speaking advantageous tax treatment follows.Assuming active participation and AGI is below phase-out, expensed items will reduce taxable income, which seems like mainly W-2 income.Consult with your CPA/EA.

@James FainSee the following for the 401k loan rules. https://www.irs.gov/retirement-plans/retirement-pl...See the following regarding the 401k distribution rules.https://www.irs.gov/retirement-plans/plan-particip...

You may have to just go into real estate on your own and then once they see your success they may be more motivated to participate. 

If the real estate is then distributed in-kind from the self-directed IRA to the IRA participant, a fair market valuation/appraisal is required, with taxes due based on the value of the property at time of the distribution.