I really like the guys at Entrust - perhaps they could give you the best advice on how to do what you're talking about:http://www.theentrustgroup.com/investments/real-estate-ira(I am not affiliated with Entrust Group in any way...)

I have started listening to Tyler Cauble's Commerical Real Estate Podcast and it seems to be exactly what I was looking for, not surprised since he's affiliated with BP.

I am not affiliated with the company in any way but it is totally worth trying.I haven't tried Corefact I am considering them for my next marketing campaign.

They also checked with affiliate lenders and Fannie/Freddie who said the same thing.I could do an all cash purchase fairly easily, but the cash on cash return gets so low at that point to be less attractive. 

Flipping isn't passive.I can see those exceptions more applicable to larger operations, banking, holding companies, securities trading, servicing companies, or affiliates and subsidiaries in the finance arena. :)  

Kate, check out Homestreet Bank and PenFed Credit Union (check PenFed affiliates).

@Steven Lange, so the answer to your question is multiple partOn a Federal basis, lending to residential owner occupants is subject to the SAFE Act and affiliated agency rules, as well as HUD rules and regulations.Also on a Federal basis, consumer PURPOSE loans are subject to the rules, regs and edicts of the Consumer Financial Protection AgencyOn a state basis, all 50 states require a mortgage brokers license to deal in owner occupied residential property.A minority of these states also require the same license to originate non owner occupied residential loans14 states require license to originate loans on commercial property, twelve of these states require commercial mortgage brokers licenses, the other two, California and NY require a real estate broker license.As for usury, it is a state issue.

You really need someone local not affiliated with the turnkey provider providing real feed back on the property   Are they putting lipstick on a pig or doing a quality remodel.   

I have learned a lot form Robert Kiyosaki's books and am surprised/disappointed that he would be affiliated in any way with such programs.   

I am able to comprehend and explain concepts to clients that many agents can not due to having access to the unlimited information on Bigger Pockets.