Fingers crossed!

It's shocking I know, but once you cross that barrier a lot of banks actually have it as an auto-reject criteria. 

My wife and I are RE investors who live in Appleton, WI with the majority of the properties we own in Green Bay.

Just haven't had to cross this bridge before.  

We use Jeff Green.

If it's a legitimately historic home, has some Greene and Greene woodwork all over that house, and you can get some real money for it afterwards, rock on. 

If you don't impress those with money, you probably won't get it.Any commercial loan can be viewed as a bond, mortgages are exceptions, however you can still cross the line.Partnerships can keep you out of trouble, be a partner not an "investor" in your mind.Fractionalized notes, regardless of intentions of any broker or manager or even the participants, is a very dangerous path to take.

Since John has shown that the 6% rate is the current fair market charge of mortgage interest and has shown in his letter of intent that the transaction exclusively benefits the IRA (in that it will receive a fair 6% rate of return) and that John himself is not personally benefitting from the IRA, the IRS approves his transaction and he has the green light to proceed.That all said, the idea of forming a small group of SDI owners who loan to each other and the funds are then used to benefit you personally outside the IRA (in addition to benefitting the IRA itself) could still be viewed by the IRS as a prohibited transaction as a whole.

It sounds like you are going 'green' with your paint too.

Fingers crossed.