They did make a proposal however:Partners A & B move forward with the financing of the property, keeping partner C's name off of the loan docs, therefore not exceeding the 4 property rule.

What we did, since we knew about the 'no self dealing rule', AND not yet having our IRA's rolled into the SDIRAs, OR having the LLC set up, and we were wanting to 'buy' this property at an auction is this;We had a non-disqualified third party do the bidding, sign the offer, and provide the earnest money check.

Also, at what point is it no longer in the hands of the Listing and/or Buyer agents hands, before or after the court has ruled on it?

Especially of working with preforeclosures, it's good to know laws/rules and procedures so you know what you are talking about.

If you follow those rules you'll be fine.

If one smoker moved out, another smoker moved in.A couple years ago, I started making it a rule that there's no smoking in the house.

Bill Gulley in our state (Florida) the state courts ruled a few years back that single member LLC's offered no protection.

I'd much rather be conservative and avoid potential (and costly) pitfalls down the road.While the rule seems to be plain, I'd like to know how it's actually implemented in real life.

Are you including taxes and insurance in your 40/50% rule?

Commissions have certain advertising rules and disclosure laws that must be followed.