If no money is made (or if money is lost) they participate in that gain or loss.

@Mike Loy, As a realtor you qualify for a Solo 401k, which has many advantages over self-directed IRA, here are few:Contribute 10X more than into an IRA (up to $61,000 per year per participant)Access up to $50,000 from your retirement account tax-free and penalties-free at any time prior to retirement via participant loan featureExempt from UDFI tax on leveraged real estateInvest tax-free using Roth 401k sub-accountCheckbook control without use of an LLC Custodian is not required = no custodian, transaction or asset based feesYou can read it in more details here:https://www.biggerpockets.com/blogs/2810/21298-sol...The bottom line is that if you qualify for Solo 401k - it would be way better than an IRA.

David Dawkins i am not in Florida but a lot of note investors chat on Facebook groups and participate in webinars etc. if you are interested I can point you to some Facebook groups that others run that I am a part of

A borrower must choose his or her own contractors to perform the needed renovation.All Contractors participating in the Renovation Program must complete a Contractor Profile Report.

The borrower can not buy the lien or participate in the tax auction but the lender can. 

I knew it was time to take my goals to the next level and felt BiggerPockets was the ideal community to begin learning from and participating in.

I am anxious to learn, participate and also help in any way that I can, again I am new and don’t know much but I will put forth an effort.

Also wondering if I'm taking on any legal risk by participating or not participating? 

Yes you can make contributions to the solo 401k while also participating in your day-time employer's 401k provided you have net self-employment income.

So no signed docs.You participated in the bidding thereafter?