hire yourself a good transaction coordinator in your area and have them help you make sure you're compliant with CA laws.

The main thing is to find someone that gets real estate and can help you stay compliant and grow.

I started sending them to my attorneys to look over to make sure they were compliant with the state that I was (or am) wholesaling in ...

If you're just going into real estate and feel confident you can find a good replacement that would be enough savings to motivate me.But if you're wanting to go into an investment that is non-1031 compliant then that is the cost you have to factor to determine if that investment is $3500 better than what you can find in real estate.

You need to know the law and have a policy in place for your company that is compliant with local, state, and federal laws.

To remain compliant they will need to be active as well.

@Brandon YokoyaNo, the HUD consultant is essentially the inspector on the project, that:1) helps you identify the work that needs to be done to get the house code/FHA compliant, as well as helps you come up with a scope of work for what you would like to do to the property and how it compares to your available budget based on your approval/comps/etc. 2) inspects the contractors progress throughout the project and report back to the bank what’s been completed, by line item, to release draw payments to the contractor during the project.

The codes may also require you make the unit ADA compliant. 

There could be some ways you could "wedge" passive rentals into such a structure and remain compliant, but it would be about the least effective way to hold rental property from a tax perspective even if you could.A SDIRA will require you to be arm's length.

We are located in Michigan and want to make sure we are compliant with state and IRS guidelines.