I'd quit this business if I were 50/50.So far, out of four groups of tenants, I'm at 75% good, 25% bad (although I wouldn't characterize them as "bad" people--they are just having issues with the rent).

@Dan Inc Do an equity participation loan.. where interest is enough to cover his imputed then give him participation in the upside that can then be characterized as Cap Gain..

That characterization of the city could not be further from the truth in 2016.

Does anyone reading in here know if there would be anything apparent in recorded documents for a home sale that would indicate if the sale was characterized as 'as-is', or not? 

You need to have some material participation OTHER THAN solely selling securities in any sponsoring entity to avoid being characterized as an unlicensed broker-dealer.  

Quick question: when you engage in an active business and pay the UBIT, is that taxable income now characterized as "after tax" in your SDIRA, so that later when you start to distribute, you won't pay tax again.I'll continue to plug the SD401K rather than SDIRA or SD IRA/LLC.

In 50 years we'll have better data that characterizes it in even more detail.

Because it cannot be sold as a conforming loan on the secondary market, and all profit to the lender must come from your pockets, the loan will be characterized by some combination of ARM only, higher rate, lower LTV, and higher points/fees.

While wholesalers might encounter uninformed sellers, this is not the norm and to characterize wholesalers as "equity strippers" is mischaracterization.  

They have the Volcker legacy and the Greenspan legacy, which are characterized by strength and savvy respectively.