You also must remember that while in the beginning transaction might be structured in compliance with the rules there is always likelihood of it leading to prohibited transaction in the future because of disqualified person's involvement.Once you have your personal funds and IRA funds in the same deal you are now setting yourself a trap with the IRA.

And with city inspection schedules and increasing code compliance, the scope of the rehab is continually growing.

As part of DD, seller allowed buyer to have an attorney send a letter to the town telling them how the law was illegal and asking for written assurance that the park could move new homes in as long as they meet certain guidelines.

I would like to learn how to assure legality in private lending (as a borrower/ lender).Please let me know if you have anyone that you could recommend.Thank you,

if it is then the property might be in a non-participation community for the NFIP/FEMA program and if this is the case then you will not be able to get flood insurance on the property through the government program and the community is not recognized as being in compliance with the building guidelines.

I mentioned I wouldn't want to be the only guy in the court room with a liability policy but if I am I can assure you it's a very good one. 

I would like to learn how to assure legality in private lending (as a borrower/ lender).Please let me know if you have anyone that you could recommend.Thank you,

Compliance with any state/fed regs (Dodd Frank/Safe Act, etc)7. 

On top of that, merely accepting capital from others can put YOU on the hook for ensuring compliance with both state and federal securities laws if you are not careful and understand the requirements. 

Account Closed  I think the first thing you correctly recognized is that its not investing its a business.and as such to be successful at it and plenty are.. you need to be able to scale and have the time energy etc to do that.. and include in that the know how.. you can get know how from many sources .. notes are not that complicated.. but the laws surrounding them these days and the notes that seem to be targeted OWNER OCC notes are the most difficult to deal with most of the time.. with dodd frank compliance and all that stuff..