You can't be physically doing the work.

Depending on the facts and circumstances of the agreement, it could either be treated either1) the sale occurs as of the original agreement date, and then your taxable gain is generally spread out over the life of the principal payments as an installment sale (although I should mention any depreciation you've taken on your property could affect this), or2) the sale does not occur until the lease option is exercised, and gain reported at that time.

I am very impressed with your knowledge and will definitely going with your firm for the simpler 401k trust plan, and I will get rid of the LLC.Just for the sake of exercise, could anyone please still let me know if an IRA makes a private equity investment into an LLC and becomes the 100% owner of the LLC, and the LLC later receives tax forms against its EIN, will the owner of the IRA just disregard those tax forms?

Albert, I see it as particularly important in the off chance the lender chooses to exercise the due on sale clause.

Physical meet up @ OK Corral? 

You’re buying, trading, or selling a physical asset.

Also start going to meetups and do some exercises like picking a target market!

I am physically unable to do the work, so I am in an fortunate scenario where I need to completely rely on the contractor.  

It sets a tone and I think adds a little interest that might not be there with just a physical description. 

@Gustavo Jara, what do you think of joining our next (not sure when that will be with the current situation) physical meet up event in Barcelona?