This is an example of private lending which is different than the IRA owning real estate and does not trigger UDFI/UBIT tax.

I was trying to get started, had all the information but needed to pull the trigger to get in the game. 

Hardest step in everyone's journey is to pull the trigger on a deal.

In the meantime, check with the city’s planning or zoning department to see if there’s any way to bring the property into compliance as a legal triplex or duplex.

Specific technical issue that triggered this post.

As I said, I have yet to pull the trigger on an investment, so I really forget this whole structure.

Dig into reverse mortgages before pulling the trigger on anything, specifically HECM's (FHA product).

On the advice of the fireplace guy who did our last cleaning/inspection, we sanded down the brick inside and painted it with the high heat black paint, and it states in the lease that they may use a fireplace-style candelabra if they'd like, but any other use will trigger all the rules in the Fireplace Addendum.   

They may have been introduced to wholesaling as a low-barrier entry into real estate and never considered licensing as a viable option.Why Getting Licensed Could Be Beneficial:Access to MLS: Licensed agents can access MLS listings, making it easier to find deals and run comps.Credibility: Being licensed can increase trust and credibility with sellers and buyers.Expanded Opportunities: As you mentioned, having a license opens up the option to list properties traditionally when wholesaling isn’t the best fit.Legal Clarity: Licensing helps clarify what you can and can’t do, reducing the risk of running into legal issues that plague unlicensed wholesalers.It’s a balancing act, but for many serious operators, getting licensed seems like a logical step to expand opportunities and ensure compliance.

I'll keep you in mind if I device to pull the trigger.