But IRS allows an IRA to be invested in anything except life insurance and collectibles.

No real explanation as to why or whether there were exceptions to that. 

The previous owner took exceedingly good care of the building and there was nothing that need to be done except to raise the rents.

This means that your permanent residence is excluded (except if you are doing a house hack in which the part that is rented out is eligible for cost segregation).

The OKC market is truly exceptional, and Tennessee offers incredible opportunities as well, so you’re starting from a fantastic position.Wishing you the best of luck on this exciting new venture! 

The government will require all of her assets to be used up, except for $2,000 cash. 

I agree with Patricia, but there are always exceptions to every rule.

The only thing that bests fear is courage and we only need a mustard seed of that to get things going...People often spend money on college and never go in to the field they spent that money on...the greatest lessons and the ones most remembered are learned 'on the job'.Wishing you more good news in the future and an exceptional 2025. 

Quote from @Brandon Croucier: Quote from @Chris Seveney: They are more than a one man show - they are doing $10-12MM a year in lending (also have other parts of business) and have the people and systems in place includin g all above except the deal flow.How does one profitably run a PML company with numerous people only funding 10-12M a year?

I have decided to send a mailer to ALL my existing tenants informing them of this policy as my existing referred tenants have all been exceptional.