My insurance company prohibits them, and for my condos in FL, the associations must approve all tenants.

Even though it's stated in the lease that that is prohibited.

I have property with this type of heat and, not only were the utility costs very high, a couple of zones failed because the mesh elements in the ceilings failed.The repair cost was prohibitive when I finally found someone who would even touch it.  

It would / could be cost prohibitive to do this.  

Fines are usually in the neighborhood of $10k+ EACH, plus a prohibition from getting a license for x number of years.I don't see where an LLC or Corp is going to help in wholesaling as far as protecting you.

While the cash flow won't be as high, the small mountain towns rely quite a bit on tourism, so we don't anticipate any regulations being placed in those areas that would prohibit us from continuing.  

Basically, he becomes better informed.If it is found to contain ACM and the rough estimates for abatement are project prohibitive, then the OP can make an informed decision as to what to do next.Personally, I sympathize with what I suspect happened to the OP.  

No, this would be a prohibited transaction.

Most realtors have agreements with their brokers that prohibit this sort of thing.

Also, the benefit lies in the fact that having a third party managing the LLC makes it harder for the IRA account owner to inadvertently engage in a prohibited transaction and disqualify the IRA.