The answer includes several layers, including "could" (likely yes), "should" (probably not) and 'how"(very specific to your situation).  

Bureaucracy, especially in government departments, which slows vital business processes.

So does a provision about who pays who’s layers fees.Who will be paying for legal expenses, most agreements have a provision outlining that each respective party cover their own legal expenses.

From what I could see from my initial inspection this is the only layer of protection for the plywood underneath.

Since engineered uses a layer of actual wood, as compared to laminate, it looks just like hardwood.

Louis and insure nationally, they offer great rates and coverage, including renters for that extra layer of protection.

What has your custodian said of their rules as they follow the IRS rules but they may also have a layer of their own.You are acting as a lender via your self-directed to someone that does not appear to fall into the prohibited transaction. 

Same issue of when funds  are repatriated back to Canada applies and it adds another layer of liability protection.

THEN the subfloor was so bad I took it all out down to floor joists and put 2 layers of 3/4 T&G plywood down in opposite lays so cracks didnt repeat nad its one solid floor now,,,still havent decided how to finish,,,ceramic tile or wood.MY suggestion would be to test the stuff,,,IF you find it is bad and high. 

As an extreme introvert, it is vital to me that I virtual wholesale in better markets.