If they add an extra rule on top of the Fannie/Freddie guidelines we call it an "overlay". 

@Kelly MagreevyIRS has very strict rules on the 45 day identification."

I like the 10x rule for analyzing time management more than anything.

However, at this time in the market, it is hard to find a deal that has a ROI of even 5%, hard to find deals that meet the 1% rule or that cash flow.

If you're confident that you won't inadvertently violate any IRS rules, you can go with the Checkbook 401k/IRA options.

Depending under what rule (506(b), 506(c), etc) of Reg D the syndication is structured, the number of accredited and sophisticated investors allowed to invest may vary, as well as the total amount allowed to raise. 

PA is a bit difficult or has more "rules" on lease options which also might be why the agent/lender involved are not thrilled about it -  what about a contract for deed or wrap mortgage on their existing mortgage for 9 months ?  

I don't know the details, but I believe a court made a ruling that scared the banks into it... could be wrong about the reason why.Yes I mean one that has passed through the court, the court issued a writ of execution and passed it on to the Sheriff office to sell at a court house step auction.

They make the rules then simply allow tenants to walk without consequence.There is zero point in having lease language that you do not intend to inforce.

@Paul PassafiumeTo learn about the IRA conversion rules see the following:https://www.irs.gov/retirement-plans/retirement-pl...To learn about the 401k conversion rules see the following:https://www.irs.gov/retirement-plans/retirement-pl...