@Trever GoodThe scenario you are suggesting is prohibited.

I had the exact same thing happen except I specifically prohibit trampolines on my properties.

Watch for hiccups with disqualified persons, prohibited transactions and startup & future funding needs.Lesson Learned: I would have used very different naming conventions than I did for the SDIRA accounts and the LLCs, for greater privacy. 

Is it cost-prohibitive?

Also watch out for HOA restrictions that may prohibit certain kinds of establishments, noise, hours of operations, and odors. 

Online courses are prohibited.

I know there are some areas that prohibit rentals.

Alex Yi Most counties frown upon/prohibit it.

I would second the 'check book control method' 100% - BUT you must really do your homework then to avoid 'prohibited transactions'As a side note, if anyone reading this is trying to figure out how to invest with with people who are 'disqualified parties' (certain relatives mainly) it CAN be done, I do it, but it is VERY specific how to set things up.

So a sponsor that's great for one investor will probably be terrible for another (and vice versa).I'm a conservative investor, so when I invest in multi-family I prefer sponsors that have at least one full real-estate cycle of experience, little to no money lost, low leverage, and high skin in the game.And there is an apartment operator that has multiple real estate cycles of experience (decades) with no money lost, low 65% less LTV, and high 10%+ skin in the game.They market under 506B so are prohibited from posting publicly on the Internet and instead function by referrals.