However, I have had to make some quick decisions on whether to take down properties that would be subject to rezoning where time was extremely limited for any type of due diligence.You might head over to the planning department of the city/county that has jurisdiction over the property (you can't normally do this over the phone) and ask the planning director for his input as to whether it is likely a rezoning for this property would be approved.

At one time I thought they were great but there can be serious problems with cheap construction and boards of directors that don't know what they are doing.I have made good money with them and in a rising market can be a good option if done right.

You would need to ensure there are no direct or indirect transactions or provision of benefit between the IRA's and disqualified persons. 

It is expensive to set up and there are lots of other things you have to do as well, such as have meetings and log minutes, board of directors, etc.

You're right, we've all met and/or know people who are "rich" because they drive a fancy car, live in a big house and identify as a VP of this or Director of that at work.

One of the directors I met does high end live in flips and moves every couple years to save on the taxes. 

My CPA is an international success and on the board of directors for SREIA and a  seasoned investor.   

This is managed by the Board of Directors with the HOA- other homeowners within the building.

some HOAs are very restrictive on who/how/if you can rent your unit.4) reach out to the board of directors and management and talk to them about the above.  

We've worked with him in the past.https://www.kmco.com/directors/richard-j-nelson-cp...