The issue is that flip transactions are considered a trade or business activity, and if a tax exempt entity like an IRA engages in a business on a regular or repeated basis, then there is a tax known as UBIT that applies to the gains from such business income.

Through the CRE you can engage a buyers broker to find properties that meet the criteria suggested by the CRE.I know my advice is unconventional in today's instantaneous knowledge, instant satisfaction, guru worship environment.  

The leasing or rental of units in those two family homes in which the owner occupies one apartment of that home as his residence is not covered by this law unless: The homeseeker or renter is a recipient of public assistance or housing subsidy; or,The leasing or rental process utilized the services of a person or organization whose business includes engaging in residental real estate related transactions; or,The availability of such unit is made known by making, printing, publishing, or causing to be made printed or published any notice, statement, or advertisement with respect to the rental of such a unit that indicates any preference limitation, exclusion or discrimination based upon race, color, religion, sex, sexual orientation, national origin, ancestry, children, marital status, handicap, veteran status, or public assistance or housing subsidy recipiency.The following text is effective 07/01/93  

Engage a creditor BK attorney and have your past due amounts in line as far as what your tenant owes you.

Working 2 jobs, I recently got engaged so were saving to buy our own house (duplex) on tops of wedding expenses.  

@Matthew Charron I do hope someone takes you up on your offer.In case no one does though, I'd recommend you attend a local real estate investor group like Black Diamond REI in southern Mass. or RI Real Estate Investors Group in RI.You'd want to engage several people in conversation, particularly during the times at the beginning and end of the meetings when folks typically network, and maybe ask a few folks out to coffee.Many people look for "mentors", and that might work for you, but another approach to consider would be just to try making friends with people who are one or two steps ahead.So maybe they're not successful full-time investors (the Holy Grail of Mentor-seeking), but instead own one or two rental properties, or have done one or two successful flips, or really anything in one of the directions you want to go.I find that can be easier to achieve, and you can get a lot out of it because such folks are very familiar with the challenges you face - after all, it wasn't long ago they were at that same point themselves.

Need to engage a PM company for underwriting assistance.  

While undergoing the compliance training I came across one of the prohibited outside activities for bank employees- "acting as a real estate sales person, broker, agent or engaged in buying and selling real estae except for primary and secondary residence".

From a fellow Ohioian and tennis player, great work so far.

Never having engaged in this sort of ask, any thoughts on likelihood or tactics to get it amended?