Account Closed - in my opinion, your first real estate investment should always be an attempt to house hack!

I'm lending money from my SDIRA for someone to buy a Fannie Mae foreclosure property.I attempted to give them a screenshot of my SIDRA account with a letter stating that I am loaning the funds for the full purchase price.She was told that that was not good enough, they wanted proof of funds in her name.I'm not giving her the funds prior to closing, so we re-submitted the P&S with my SIDRA or assigns as the purchaser.Nope, they wont accept an "or assigns" contract.So we put me and her on the P&S and I plan on signing a quit claim at closing so she will be the only one purchasing the property.I'm curious how other investors normally handle this situation. 

Hey lesson learned this is my 1 st attempt and will definitely not make such Mistake again.

—During the period beginning on the date of the enactment of this Act and ending 12 months after such date of enactment, the lessor of a covered dwelling located in such State may not make, or cause to be made, any filing with the court of jurisdiction to initiate a legal action to recover possession of the covered dwelling from the tenant for nonpayment of rent or other fees or charges.Full bill:https://www.congress.gov/bill/116th-congress/house-bill/6800/text

I will attempt to ask the seller and follow up with the city zoning department before making an offer.

Additional note: Our LLC is just over a year old and this will be it's first attempt at financing. 

Fitchburg, MA: bid is at $70,500; that is beyond our max price for this one.Current leads to follow up with:Sharon L,  lead stageMichael B, lead stageLoading a new lead list today to CRM for prospecting, I will: (a) skip down, (b) attempt to locate an email for the relevant attorney & send an email

My previous concerns with NY real estate are largely well known already- high bid up sale prices, low CoC return, highly favorable tenant laws, etc.Now on top of the rent moratoriums from COVID, landlords also have to deal with new statewide tenant protection laws enacted toward the tail end of 2019 that provide an astronomical amount of tenant protections. https://www.rebny.com/content/rebny/en/newsroom/in-the-news/2019/Housing_Stability_Tenant_Protection_Act_2019.html/also not looking good for "mom and pop" investors: https://www.amny.com/news/rent-laws-new-york-1-32225521/Bottom line is, I'm sure there are NY residential landlords in here. 

This would be our first time ever attempting a renovation.

It’s illegal to attempt to use a fake online form to avoid paying pet rent or to avoid a no-pets policy with an animal that is not an actual ESA, prescribed by an actual licensed mental health professional.