I don't think there is a going rate especially in this type of transaction.

@Michelle LaRue,You can make a loan from your self-directed IRA as long as it is an 'arm's length' transaction.

If so, how is such a transaction structured?

In order to finish the work, I signed an owner/builder affidavit.

Have them sign a document, stating this is not liveable space.De-finish the attic. 

You have an exemption from the 60 hour class so all you need to do is sign up for the test and pass.

On the financial side, this method allows you to have all the regular financing options you get when purchasing a property in your own name - since that is how you are conducting the transaction.

Who will pay for the sign that hangs on the building?

.- If you need to use the renal income to qualify, tenants will need to be in place with signed leases, security deposit made, etc.- HML often have a hard time giving the new lender an accurate "payoff statement" and verification of on-time payments to them (latter necessary because HML typically do not appear on credit), which can delay the refinance causing (surprise surprise) the HML to get another month and change of interest out of you at the crazy high interest rate.

Hi @Kyle Mitchell You know those signs and posters saying, "We buy ugly houses?"