@Rich Hupper As far as convincing the seller goes, it sounds like they're in the right position for a Sub2 deal. 

I would recommend getting some sort of job so you have something to pay bills and buy food.

His tone went from indignant officer to long time friend in just a 10 minute call.Some of my past stories: Making friends with the head of University (most hated) parking who ordered my car to be towed.. to where he now invites me over during work hours and buys me food at sporting events.

Or you can drive over just to pull it out every time (which could work if it is on your commute, but pretty laborious).A second potential issue if you have urban animals--racoons now live in most urban areas across the US and Canada--or even dogs or bears (oh my), you also have to make sure tenants rinse out things like canned food and only put in like the tops of pizza boxes (not the bottom with all the debris and grease) and on whether your tenant population can or will do this, see my personal management point above...

) WELL if they are hunger might as well provide the food !

Hey guys, my name is rich.

But the case where you are buying, rehabbing and selling within your IRA would in most cases not be applicable for UBIT, here is food for thought or arguments:(1) Your IRA is not you, and your IRA is for your benefit, and is managed by a directed trustee or custodian for your benefit(2) Any investment in your IRA will be deemed as Passive Activity, since you cannot materially participate in the investment from your IRA (else it is a prohibited transaction)(3) Your IRA does not file any self employment income taxes(4) Your IRA may file UBIT based on UDFI (assuming the IRA has borrowed funds for acquisition or rehabilitation)Now if your IRA invested in an pass-through which did the flips as you describe, the entity itself first must satisfy the requirement of a "real estate operating company" to receive any exemption, else if it does not it could generate a UBIT for your IRA as an "operating company".As others have mentioned, please work with a knowledgeable professional in this space for your specific situation.

Hi Rich,I've been trying to slowly acquire mobile homes in a certain park in San Antonio because I want the land to develop, but the problem I've run into is every home has a separate legal description and owner.

Rich Baer, Esq.

(Just food for thought)On the mentor part, that's completely up to you.