@Eric Drum thank you for that suggestion!

They would lend 75% loan to value.Now, (Drum roll please!)

Based on your stats, is this still a good way drum up business?  

They showed me that the unit had been damaged by having the sheet metal bent in against the drum and said that it had come into the store that way and had been placed on the floor as clearance to get rid of it instead of returning to the manufacturer for credit.

Should have mentioned - the drum ain't spinning.

Drum roll, cymbal crash!

Being defensive doesn't help, it just shows you got a short fuseI have said this  probably 50 times.....If you want to stay out of trouble and learn some basics of real estate investing...Read everything from these people@J Scott wholesaling, Buy his books on BP, cheapest Wholesaling education that is clear and useful and actionable@Brian Burke  @Bryan Hancock joint ventures and private lending and syndications@Bill Gulley every bank and financial regulation known to man and beast, Hell I bet he could decipher OSHA lol@Ken Rishel anything is going to do with regulations of mobile home parks and Dodd Frank@Jay Hinrichs an unusual level of experience in land, transactional funding, and running a re brokerage@John Jackson lease option law in Texas, executory contracts in Texas, and stand up comedy lol@Dmitriy Fomichenko and @Brian Eastman solo 401(k)s and Private LendingAnd without beating my own drum, I'm pretty good with negotiating terms deals with sellers, lease options, wrap mortgages, and installment salesI doubt the talent in this list is easily matched or exceeded anywhere on any other USA RE siteMy advice is to just follow these people and take some notes

Now I can potentially see why I got no response for days, I've tried to speak with several CPA accountants and they either: a) said something which tells me they have no idea about it and I'd be paying for them to research or,b) paraphrase...that is a dumb, stupid idea drummed up by people looking to hit you with fees, I would not take on a client who tries to do that (SDIRA) I know Maine as a state is not the most progressive but either hundreds of people on this site are in the scamming business, or the folks I have spoken to have their head in the sand....geez, if I could find just one he/she might be able to carve out a specialized practice for themselvesI get that the primary tax laws are federal so I could go out of state...maybe that is the play but if possible I would like someone close by for thoughts, advice, and convenience (not just for Sdira).  

Hi Philip,The law is "tighter" than a gnats butt stretched across a 55 gallon drum!

Clean dryer drum, etc., get it for $300 and run ad for someone to rebuild it.