Hello @Isuf Aruci What you are describing is a what we, in the AEC/Construction industry, typically refer as a feasibility report and/or property analysis.

They have a ~15 page PDF that describes the rules. 

The salesperson is not a tax expert and the government refund is not exactly the way they describe.

Also, please describe what "In-House" fully entails.

However, you cannot use IRA funds directly in the transaction you are describing. 

Defaults and Remedies A default exists under this note if (1) Borrower defaults in the payment of this note or in the performance of any obligation in any instrument securing or collateral to this note; (2) (a) Borrower or (b) any other person liable on any part of this note (an "Other Obligated Party") fails to timely pay or perform any obligation or covenant in any written agreement between Lender and Borrower or any Other Obligated Party other than as described in (1) above; (3) any representation in this note or in any other written agreement between Lender and Borrower or any Other Obligated Party is materially false when made; (4) a receiver is appointed for Borrower or an Other Obligated Party or any property on which a lien or security interest is created as security (the "Collateral Security") for any part of this note; (5) any Collateral Security is assigned for the benefit of creditors; (6) a bankruptcy or insolvency proceeding is commenced by Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party; (7) (a) a bankruptcy or insolvency proceeding is commenced against Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party and (b) the proceeding continues without dismissal for sixty days, the party against whom the proceeding is commenced admits the material allegations of the petition against it, or an order for relief is entered; (8) Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party is terminated, begins to wind up its affairs, or is authorized to terminate or wind up its affairs by its governing body or persons, or any event occurs or condition exists that permits the termination or winding up of the affairs of Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party; or (9) any Collateral Security is impaired by loss, theft, damage, levy and execution, issuance of an official writ or order of seizure, or destruction, unless it is promptly replaced with collateral security of like kind and quality or restored to its former condition.

BUSINESS//LOCAL BUSINESSSan Antonio trustee wants ‘Queen of Mobile Homes’ bankruptcy case tossedPatrick Danner, Staff writerAug. 16, 2022Updated: Aug. 16, 2022 4:26 p.m.2The trustee administering the bankruptcy estate of Chimene Van Gundy, the self-described “Queen of Mobile Homes” and “the Mobile Home Millionaire” accused of running a Ponzi scheme, has asked a judge to toss her case.Chapter 7 trustee Randy Osherow filed the motion to dismiss the liquidation case on grounds that Van Gundy has failed to comply with her obligations under the bankruptcy code.If dismissed, litigation against Van Gundy that had been paused since her April 27 bankruptcy filing would be allowed to proceed.Van Gundy, 46, did not appear at a creditors meeting conducted by telephone Thursday.

Hi @Marjorie Deprez,What you're describing is a Delayed Purchase.

Depending on their financing scheme , most of them needs debt restructurization after year 4 or 5 which means LP losing money.everyone buying with sub cap 4 , they have to exit , banks want the money , they want exit with cap 4.5 ; buyer like us is asking for 5 cap.The only way they can survive is by the fed cutting rate next year or there is massive debt refinancing deals given by the banks What is funny is like at the end it would work just like you described a year ago James , there would be TARP 2.0we know there would be huge losses for LP this year but the actual owners of those asset are actually the lender.Now the lender is getting screwed, if big bank collapsed due to CRE, the Fed has to create tarp 2.0 ; just yesterday there are news that the Fed is asking for the bank to increase their capital requirements LOL so the Fed would give cash infusion to the banks…and restart QE lolSame cycle like 2008Now were getting into a different post and stepping from Econ 402 into Econ 708. 

I have a laundry room that is exactly the scenario that you describe except the water is already split across the 2 units.