I checked with Satchie Carvounis at Security Trust and she confirmed that: No the IRS rules don't address this situation, it simply states that the IRA can't engage in any transaction with a prohibited party.

Even if you could put part of it together by yourself, you still need a skilled securities attorney to put the deal together.

A number of improvements were made, including better fencing and security and some of the large, hard-to-rent units have been divided into smaller ones.

Yes, and I double checked with Satchie Carvounis (SDIRA consultant at Security Trust) that is correct as soon as the property has been 100% distributed to the IRA owner they can treat it as their own and don't have to worry about IRS guidelines.

Check out this report on residential mortgage backed securities (RMBS) that came out on Oct 5.

They must pay it into an escrow account until the situation is resolved, otherwise I would have to believe that they're in breach of contract.

60% real estate/20% Loomis Sayles Bond Fund/10% Vanguard Inflation Protected Securities/Cash.

He said that he intended to finish the work, but has been busy with "life" Is one year from collecting social security and has thought about selling it for awhile.

I keep a spreadsheet with the tenants name for security deposit.I also print a copy of the deposit and attach to my bank statement in case there are any questions about deposits made.

(this is usually NOT the best course of action)All the attorney will do is hire a collection company that has more bark than bite and rarely collects any money.The other option is to use a judgement recovery company.They usually pay the court costs and filing fees and then split 50/50 of whatever they recover.Sometimes they will buy the judgement outright for real cheap.In this case you get your cash right away and move on.Judgements depending on the smarts of the tenant can take 3 months to years to collect.Some tenants are judgement proof.This can happen when:1.The funds are retirement funds in a bank or social security where money can't be taken.2.The tenant works a job where their income is at a level where they cannot be garnished by Federal Law.Even when you can garnish you can only take 25% each time.If their are other judgements already garnishing then the 25% gets split up among the garnishments.85% of judgements never collect a dime because of the work involved.Even if the judgement company you employ chases the tenants for money the tenant may pay or they might just file BK if they have other debts.A chapter 7 costs thousands so it would depend on their other total debts and how much your judgement is for.This is why it is important to carefully screen tenants.They need to have good credit,a good job with long work history,etc. or something where you know you can collect if they default.If you have multiple tenants staying in one place and they all make minimum wage it will be hard to collect on them later versus one person showing great income.Hope it helps.