My background in commercial construction / engineering as a GC / EC license holder is at my clients' disposal.

My goal will be to keep the capital deployed, secured a Deed of Trust and a sound Note holder, and keep steady interest payments filtering into my SDIRA. 

I've housed many VASH voucher holders and agree with @Gail Kaitschuck.  

This applies to C-corps whose source of funding is venture capital or other investors who will become share-holders when their investments are converted to stock.This has nothing to do with real estate, and is especially not applicable if you are a small-time investor (i.e. your investments are worth under $10M). 

In most cases we receive the payment from your buyer, take the payment for the first lien and pay it directly to the existing lien holder and distribute any remaining funds to you and/or your seller.As far as taxes and ins...the original mortgage holder probably has impounds set up for them included in the payment so not necessary to change that...you would have to investigate the original loan docs.Best to hire a RE attorney to make sure the paperwork has all the i's dotted and t's crossed.We are licensed to do business in NC...if you would like additional info please PM me.Hope that helps...good luck closing your deal!

If the SDIRA is earning market rates of return at market risk alongside other investors, it seems like it's following the spirit of the rule.If that's not how it works, then so be it ... but I certainly would love to make that SDIRA money work in something I understand well.FWIW, I'm seeing discussions about the 49% ownership of the entity in places like here: https://goo.gl/iRU3Tn:In general, under Internal Revenue Code Section 4975, any corporation, partnership, trust, or estate in which the IRA holder holds less than 50% interest in would not be treated a s a disqualified person.

BTW, they (the note holder people) use these things called "computers".

If your rental is in Palatine, or more accurately Cook County, it is against the law to discriminate against section 8 voucher holders or have different requirements for sec8: http://www.illinoisrealtor.org/legal/issues/sectio...Common ways around that are if the unit won't qualify based on condition and you won't make repairs to have it qualify, or if you have a security deposit and the voucher holder can't afford it (although you have to charge EVERYONE the same deposit).My somewhat limited experience (compared to some others here) is that its like dealing with any other tenant.

If they had a problem with the IRA account holder serving as the LLC manager, they would have "expressly denied" that capacity by now.Midland is going out of their way to cover their backside, which is appropriate for their business interests.  

Is there any room to negotiate or does the lien-holder have the auction winner completely over a barrel?