Great comment.Derek, I'm impressed with you and now am disturbed why this Realtor is or was acting this way when to me you have simple common sense and from what I interpret real estate experience.

Coupled with First American Title.As for leads be careful with their interpretation.

I say wait until this point to invest much time into this opportunity if you intend to acquire via conventional method, as opposed to going through the back door.Once under contract, prelim in hand and recognizing the title company's interpretation of the facts, move forward according to the tools you have and your tolerance for risk.

Unfortunately, Minnesota law, much like the way my lease is written, leaves gray area that can easily be interpreted to support the tenant in a situation like this.

It is a bit hard to explain the logic of it, but a summary is you are not suppose to 'make money from your labor' within your SDIRA - meaning, in my interpretation , that you can say fix screens, paint rooms, etc... that do not IMPROVE your property, but not say replace windows, upgrade from say wood siding to metal or add a room etc... 

@Doug Pretorius has long used lease & purchase options as a core business practice and would have a better idea of what is still possible in Canada and where you might dance the the grey areas w/r to recent CRA interpretations.

For example, direct employees of a property owner engaging in property management for that owner need not be licensedRef: http://www.allpropertymanagement.com/propertylaw/p...After circling around a half a dozen times, I am going to say that I have interpreted the answer now as NO, and my reason for this is because of the fact I am the owner of the company, and we are not taking a fee from others.But I still feel it might be worth Learning if I can Hang a realtor license without working for a Broker.

In this part of Arizona, since there is so much vacant "useless" land that people just let go, not realizing what they got - remote, off grid land, with no water and in many cases no roads to them -  when they purchased it for pennies, it is common for "hobby" investors to foreclose on their own, so much so that many counties have self help packets to foreclose the properties which is what I am interpreting. 

In other words, your interpretation is the problem. 

Fixed incomes for the retired set are fixed dollar amounts that lose purchasing power over time.I'm open to alternative interpretations of the facts here.