Non profit organizations sometimes need large homes for their voluteers or temp staff.

The IRA will be considered to be immediately distributed in full and your father will owe all taxes and penalties associated with the transaction.There is no way around this.Even if he were to make this investment with a non-disqualified person the IRA would still owe taxes if this was an active business like fix and flipping or wholesaling.

After narrowing it down, I would go onto socalmls (it's unbelievable what is available to non members) I could look at properties, and save those I liked.

This is exactly what I said in my post above last night, which was what was previously pointed out to me by my broker.So, in general, it sounds like the law frowns upon brokers creating any non-simple contracts, but will tolerate it if they make the contract subject to the review of the attorneys for all parties.Based on that, I'd suggest that it's more legal for brokers to do this than Dale believed and less legal for brokers to do this than I believed.So, we're both wrong...or right...or somewhere in the middle...At least as far as New York is concerned, and it appears that other states have also adopted that ruling from what I could tell.

In the meantime she filed a tenant answer with the court basically saying she needs more time for the rent, I have kids, bla bla bla...She's not even being evicted for non-payment, she's not under a lease and we want to rent the property to someone else, so to me that shouldn't even apply but the court now sets a hearing date a month from now!

I have done his Performing notes course. maybe once I learn the business for a while I will jump into non performing notes.For now my days are filed with learning and reading trust deeds, riders, addendum's, and loan origination forms.

Owner occupied or non owner occupied.

Wholesaling is better suited to investors with cash or non-conventional lenders.

Should I start non payment proceedings on the first ?

It's possible you could bring other charges with the state real estate commission but I don't see ethics being one of them.At least that is how it works in my state of Georgia.When you agree to be a REALTOR and join NAR you agree to their Code of Ethics and agree to any sanctioning based on an Ethics violation or otherwise.I think the key will be how long this tenant has been paying the 50 dollars.If it is just one month and they claim an oversight in getting to you the funds then that is possible.If however this undisclosed rent has been "open and notorious" for many months that shows willful intent and non-disclosure by the PM company and I think you would have a stronger case.This is not legal advice and I am not an attorney just thinking out loud.