Getting off the ground, you'll find i necessary to work with government officials, city council, county boards, the list goes on.

As Steve pointed out, SDIRA investing has been a hot topic spread over many different forum threads/catagories.As a full time investor, I believe it is imperative to understand how they work and how to best use them, as well as all the potential uses of such an account.It is a great source for private funds, and a great source to take control over your retirement future rather than leaving it up to others, ie. sttock market, mutual fund managers, etc.Great idea to tag this topic in its own catagory for easier reference.Josh - I think you will find that this topic is deserving of its own category and time will prove that, IMHO.Will Barnard - Expert in SDIRA investing and the IRS guidelines governing them.

And it certainly doesn't border on illegal or unethical in any way.In fact, contract assignment is a very common legal instrument both in real estate and outside of real estate.To think that a government agency could stop assignment from happening just seems crazy to me...So, is this illegal in PA?

Even though a lease/option could be considered a sale from the bank holding a mortgage in which case they can enact the due on sale clause, that same lease/option would not necessarily be considered a sale through the eyes of the government or IRS.

So, they then buy the contract and pay you 5K, you make the 5 plus the bid amount......ORYou can credit the Option Price toward the Assignment Fee and make 5K....ORYou could sell the Option with a set price, credit the set price, say 1K, if anyone bids higher than 1K, that amount is a premium that would not be credited to the purchase of the contract...so, you earn 5K plus any additional amount bidded as a premium.In the auction, you only sell an Option and the terms are set and THAT SALE is governed by Ebay, they get a commission on the sale of the Option, NOT the contract.....because, the Option only gives the buyer the right to purchase within a set time, if they fail to show up and go through the Assignment, they lose the Option Price.OK, Send me a commission!

I am not intending to solicit any hate mail with this one - just posing an innocent question Have you ever heard of anyone using secondary government financing for owner occupants to get a great rate, terms, low down payment, etc. but not really move into the home and instead use it as a rental.I have a friend whose income and situation would allow him to get a great FHA loan with around 3% down, etc, etc. and this guy has talked about buying a SFR or 1-4 and renting it out.

Could your India or China accountant work with an inept government employee?

Has anyone had any luck getting their state government to discount a judgment they own as a creditor?

JD, as to tyhe inspection period, you need to check if this can be waived by agreement as some contracts may state a different period and include language that buyer waives certain rights and that the contract provisions will govern.

So I turn and leave with the impression that one incompetent layer of my government is calling another layer incompetent.