., if the rent is more than 10 days late this option is irrevocably terminated) but not vice versa.Even then, you have the risk that if you try to evict, the judge might say the tenant/buyer has an equitable interest in the property.

In commercial deals you are asking for proof of the buyer's capacity, which means a letter of credit, which is something the bank will charge a fee to provide, such could be an irrevocable, LOC that is basically a loan committment or a revocable LOC, which would have contingencies.

That's a prohibited transaction and will result in your entire IRA being immediately and irrevocably distributed and taxes and penalties will be due immediately.If you do get a 65% LTV loan for the IRA, 65% of any net rental income is subject to UBIT - unrelated business income tax.

You need to provide terms that include the winning of the bid, the irrevocable right to purchase the contract at XXX dollars within, whatever term you like.Now, if they buy the Option, you are committed to sell the contract or make the assignment withing that time frame upon full payment at the execution of the contract assignment.

An irrevocable trust that can operate you RE business will require that you find someone you really trust.

A prohibited transaction causes the IRA to be immediately and irrevocably distributed.

:D But the rest of what you say makes sense - between closely held corporations with differntial voting right and irrevocable trusts, you can get a lot done.

I was advised to add another level of protection which is an IRREVOCABLE Trust .

All the entities funnel into an irrevocable family truse.

Performing a prohibited transaction will result in the entire IRA account being immediately and irrevocably distributed.