If you even pay for one light bulb using your own funds (not from your SDIRA) you will be violating the IRS rules and risk forfeiting your tax free status and will be subject to penalties. 

Yep, meaning the new buyer owner is responsible for those tasks.As a seller, I like RE contracts because if they default, I only have to give them 90 days to cure through a Notice of Intent to Forfeit.  

I'm thinking for any deadline that's missed they forfeit a certain $ amount. 

Aaron,In SC when a property doesn't sell at auction it goes to the FLC (Forfeited Land Commisuon).

Agreed, a 1099 can be issued with little effort and would be done at the same time as filing the (hopefully they have  more than just you as a client.Their 1099 should be for the GROSS Rental income they have collected, not including security deposits unless they were forfeited by the tenant.Track1099.com is where I send my clients to issue their 1099s if they only have a handfull of them.

If the buyer has forfeited their earnest money they may be avoiding you in the hopes of somehow recovering their deposit .

The Texas Taxable Entity Search page says something like "entity has been forfeited for failure to pay franchise tax".   

My bank will and have in fact agreed to give me the heloc - it's under my name only - but my co-owner does have to sign a document saying the bank will put a lien on the property in the event I forfeit payment on the heloc.

Of course I don't want to forfeit $29,700 in the first 15 years, but knowing that I will have an additional $99,000 the following 15 years seems pretty awesome.I know that I could more or less do that by paying an extra on a 30-yr, but I would have to pay more per month to make it happen and it would require more discipline.

Third party purchaser (excluding the secured party) will be required to complete full settlement of the purchase of the property within TEN (10) CALENDAR DAYS of the ratification of the sale by the Circuit Court otherwise the purchaser's deposit shall be forfeited and the property will be resold at the risk and expense, of the defaulting purchaser.