Since John has shown that the 6% rate is the current fair market charge of mortgage interest and has shown in his letter of intent that the transaction exclusively benefits the IRA (in that it will receive a fair 6% rate of return) and that John himself is not personally benefitting from the IRA, the IRS approves his transaction and he has the green light to proceed.That all said, the idea of forming a small group of SDI owners who loan to each other and the funds are then used to benefit you personally outside the IRA (in addition to benefitting the IRA itself) could still be viewed by the IRS as a prohibited transaction as a whole.

Oh they told me even animals like to sleep so lights and sound help keep them from nesting.

Simply posting a warning for all the newer and less educated RE investors who may be their next victim.

Some light sanding might be needed if there is a laminate on the cabinets.

I'm also not advocating for dismissing a GC because they drive an old truck (I'm sure there are good GC's out there that do), but if they start feeding you the line about keeping overhead low and warning you about the "big guys driving fancy trucks with fancy offices", they obviously are trying to make up for their inability to sell you on the value they provide by trashing their more successful competition.

After award and in the submittal process (no turning back as elevators have very long lead times) it came to light the machine room was too small for his equipment and the required clearances.

Any warnings on Orlando market?

On a serious note, an informative video that i came across around 2013 warning about impending bubble in China was by VICE.

Speaking of meters, most likely some of the lights and outlets in the basement are split (or all) connected to one of the existing meters.

There are tons of very seasoned, lightly seasoned, and ready to be seasoned investors at those events.