I've talked to the City and Title 9 in their city code prohibits STR's.

a tenant can't switch to month-to-month mid-lease.5) Utilities 6) name all occupants7) prohibitions, some are trampolines, grills, swimming pools, swings, play structures, weights, gym equipment8) smoking rules9) quiet enjoyment10) fines and penalties11) alterations/repairs12) acceptance of premises condition13) care cleaning and maintenance instructions.  

We are very careful to prohibit behaviors not people.We can prohibit the act of smoking on the property, or at least inside.We don't prohibit people who identify as smokers from renting with us - we just tell them they can't smoke on the premises (however we define that) and then outline what the consequences of violating that policy will be. 

In the city, prices were a bit high and in the suburbs, the taxes made it cost prohibitive to invest without doing a light value add. 

You have to be 100% hands-off, or you run the risk of "prohibited transactions", which can place the whole house of cards in jeopardy.

@Patti Robertson Yeah I won't go around the wholesaler, as it was prohibited in the assignment agreement, I can only ask him to correspond as a middleman.

Get to the REIAs.Read about Self directed irashttp://www.amazon.com/IRA-Wealth-Revolutionary-Strategies-Investment/dp/0757000940Read about the Private Banker Concept through TrustEtc.com, my favorite custodian.https://www.dropbox.com/s/lubeo04p7o5d8rk/PrivateBank_2011_Final.pdfOnce you understand the Custodians, Prohibited Transactions, Disqualified Persons, etc, you can give speeches to Rotary, Lions, Chambers, etc. about Main Street vs Wall St.

Stanley,It is prohibited to move your IRA RE investments into yourpersonal LLC. 

Assignments will be prohibited in your contract.

I think the biggest thing that prohibits anyone from investing is FEAR... fear of loss, fear of failure, fear of the unknown ...