A prohibited transaction with respect to an IRA occurs if the owner or beneficiary of the IRA engages in certain transactions.

Then find out what is the lowest interest they would accept for the note (as low as 3% to as high as 10%, lead with 4% and see if they are receptive).If the stars align and you come to agreement on price and terms of seller financing, then you engage a real estate attorney from title company or law firm of your choosing, ask them to draw up a contract with the above terms (they will charge their hourly fee to do this, so ask for pricing in advance), have your seller sign contract.

Instead I’ll work to add value and sharethoughts of my own in the hope that others who may have already experienced an issue Ideal with will offer their opinions and guidance.I’ll look forward to engaging with everyone and will continue to work on Taking Action.Thanks!

I look forward to engaging with other investors and mutually assisting each other.

I look forward to connecting, engaging, and learning from so many smart and talented real estate savvy investors.

If this is you or if you would be so kind as to refer me to BP members that I may follow and/or connect with who are actively engaged in these areas, I would appreciate it.

It's funny that it didn't occur to me to engage a real estate broker who would also oversee the work by the GC, since this property was previously under professional management by a broker/property manager. 

Haha as you can tell, the community is very helpful and engaging.

Thanks @Gary Swank in particular.I've been away from Bigger Pockets for a few weeks (maybe longer I am committed to being better engaging the community) since I've been busy with a ton of things (horrible excuse), but I plan to be more active after we get this deal done.

Make sure you engage people on the forums and at local meet-upsEnjoy your journey reach out if you need anything.