@Austin Fox You would need to do a cash out refinance in order to be a true BRRRR.

Its at the Fox and Hound outside Northlake Mall, you ought to come check it out. 

I was imagining that such a seller situation (asset owned by multiple parties of which the plan is but one) would be considered sufficient to avoid the prospects of self-dealing between the plan and the for the benefit of (FBO) party on the basis of the following rationale: the other current owner(s) of the asset would have every reason to sell the asset at or above market/appraised value and the other current buyer(s) of the asset would have every reason to purchase the asset at or below market/appraised value, thereby preventing any kind of backdoor retirement plan liquidation advantage for the FBO party since there would be checks and balances against such behavior.It seems to me that the IRS could help us side-step this whole discussion by explicitly providing for the option of such transactions in cases were such an asset is sold at appraised value, as rendered by a licensed (and qualified) third-party appraisal company, thereby proving that there is no unfair advantage realized by the FBO party vis a vis his or her retirement plan.In sum, it seems that if the purpose is to keep the fox (FBO party) from guarding the hen house (retirement plan), if the point is to prevent self-dealing, if the point is to prevent the sale of the asset at some below-market value which gives the FBO party a backdoor retirement plan liquidation opportunity, a requirement for the transaction to happen at appraised value would seem to be a perfect check and balance.

@Kevin Fox thank you!

It is like leaving the fox in charge of the hen house or having Bernie madoff in charge of your retirement accounts  .The tenants have just one job and that is pay you rent .its hard to believe a veteran landlord who’s been in the game that long would make such a  mistake  .

Hi Travis, welcome.If you're looking to meet people and network, make sure to checkout the Fox Valley REIA. 

Thanks @Kris Fox

Dallas, Denver look very healthy Miami has some red flags as some others Great time to be a landlord and home seller/flipper.It would be hard for Fox News to report that there is no recovery The stats are very encouraging with significant wage growth thru multiple areas

A reporter for the local television station, FOX 5's (which had been covering the story), Morse Diggs was scheduled to talk with Commissioner on Monday afternoon, but that interview was cancelled abruptly.

We've had a few at Fox & Hound in Arlington.