It has a bank account and a Schwab account and I can invest in things that a traditional "prison" IRA cannot.

Several attorneys advised me I would probably win the case hands down (b/c of the e-mails and his prison record), but it would be in the neighborhood of 20K to recover my loss (about 50K).

(AP) — Paul Marinaccio Sr. traces his fear of frogs to a childhood incident in Italy when a man holding bullfrogs chased him away after he'd wandered from the vineyard where his parents worked.Decades later, he found himself describing his phobia to a jury, calling himself "a prisoner in my own home" after runoff water from a nearby development turned his 40-acre property into wetlands and inundated it with frogs."

It is fraud against the government punishable with up to $250k fine and prison time.

When they leave, we are going to move a wall and paint the rest of the unit for tenants in September.The last unit comes free at the end of June and new tenant moves in 4-days later :)... and we even rented the notorious 3-bdrm duplex for July.

I've been investigating doing real estate investing out of state, since where I live (Massachusetts) is not only an overpriced real estate market but notoriously landlord unfriendly and hostile toward small business in general.

Finding a good wholesaler is another option, but 1) they are notoriously hard to find, and 2) with all the cash flying around the market these days, wholesalers are able to ask for more, making the margins smaller.

Individual buyers may be easier to deal with, but I don't suggest you go there, we just had a guy go to prison on similar arrangements where he didn't cover the buyers sufficiently, so they called it fraud.

You may have what is referred to as an "easement by prescription" created by the open, notorious, uninterrupted, hostile, and adverse use of another's land for a period set by statute.

They are notoriously way off.