The payment would be a wired transaction where we sit down with his attorney and title company to sign rights to the home over.

Just happy I crossed into the action zone, and actually made my first offer.

The two types of offers I turn down frequently are FHA and VA because the ability to close an "As is" transaction is reduced when compared to conventional or all cash transactions.

As @Russell Brazil says, the rules for commercial transactions are much more relaxed than for residential transactions. 

A tax known as UBTI with federal rates of 37% may apply if this type of transaction is done with any frequency.I would encourage you to look into crowdfunds or private lending from the IRA, as those are most suitable for your situation / capital amount. 

Hi,Is there a master list of podcasts, numerically , so that I can cross them off as I listen to them, or make notes on which ones to listen to again?

They are a partner in the transaction so your success is their success.

The inspector is usually retained and working on behalf of the buyer.So, contact the HOA, see what the HOA is willing to do, see what the seller is willing to do to remedy the situation, and decide whether you want to proceed with the transaction.

Chris, the "no money down" thing works like this: You get Transactional Funding to close the AB transaction.

If you're considered a dealer and the transaction is, in fact, a flip, then the property is considered inventory.