Why do you say it would be cost prohibitive for someone to manage your properties?

From my reading, if the lease is for more than 6 months in CA, then there is no rule prohibiting pre-paid rent.

I was doing more research and when I spoke with a lady at the firm which sets up self directed IRA accounts she said as long as the LLC was formed at the time of the Self directed IRA and the percentages never changed that this was not considered a prohibited transaction.So my question is, if this is true.

Minor “spot†scraping or sanding can be considered “minor repair and maintenance activities†if no more than 6 square feet of paint is disturbed in any room or no more than 20 square feet of paint on any exterior to be painted, and the work does not involve practices prohibited by the Rule, such as power sanding without a high-efficiency particulate air (HEPA) filter attachment.

(RESPA involves settlement services) "RESPA generally prohibits anyone from giving a fee, kickback or thing of value pursuant to an agreement for referral of settlement services in a sale of one-to-four residential units involving a federally related mortgage loan.""

If none are of the time sensative type, then a standard SDIRA with a TPA would be fine.If you invest in things like tax liens or trustee sale purchases, then time is an issue and checkbook control is necessary.As to the concerns mentioned about having a TPA involved for added protection to keep you inside the rules of the IRS, even with a TPA, you could invest in a prohibited transaction or with a disqualified party.

My understanding of the IRS and SDIRAs is that this would be a prohibited transaction b/c it is providing benefit to you directly TODAY.

Any contract, unless otherwise expressly prohibited, is assignable and you as a wholesaler are not acting "on behalf of" any other party but for yourself.

It is this quote that specifically says:"Amends ORS 659A.421(2)(a) to specifically clarify that this new protection does NOT prohibit a landlord from refusing to rent to an applicant with a voucher based upon the applicant’s past conduct or inability to pay rent, so long as the screening or denial is otherwise consistent with local, state, or federal law.The value of the applicant’s housing assistance must be considered when assessing an applicant’s ability or inability to pay rent."

Unfortunately for them, they had to pay for a lawyer when I showed them that state law prohibited them from stopping me.They also had a by-law against TV antenna's but federal law trumped that.