The state defined wholesaling as brokering and is requiring a license to assign contracts so as long as you are buying and selling for yourself or your company no license is required. 

I know, and more importantly, some of the very best real estate attorneys in my state define a process that is 100% aligned with the law.

NOT the bank's own money.Portfolio - I'll define these loans as loans that come from the bank's own "portfolio" of money.

Wiktionary defines a haunted house as “a house that is believed to be a center for supernatural occurrence or paranormal phenomena”Basically, those activities are carried out by a spirit, a phantom, a specter commonly referred to as a Ghost.It’s commonly admitted that a Ghost is the soul of a deceased person (generally by accident or violently murdered) separated from the body and appearing to the living.

If FHA you will have to live in the home for a defined time.

Once you feel comfortable with the deal at the project level, you need to structure the deal you are making with the landowner/JV partner and use the numbers and the time you have defined to shape your partnership agreement.

@William WashingtonI agree with @Danny Randazzo in a deal this size it is probably better to form a JV and clearly define your roles and voting rights in the operating agreement.

Cash flow is usually an apples-to-oranges comparison... depends on what you define as "cash flow". 

You can invest in real estate, absolutely, and your SDIRA can partner with others, as long as they are not disqualified persons (Google can define this for you).A Checkbook Control IRA may be a better fit than a run of the mill SDIRA.

It's a matter of thinking through the transaction, start to finish, define roles and responsibilities of each party, and then ensure a fair split of equity.