If you purchased the property correctly, the tenant's rent payment will cover the mortgage.

You have to pay about 4% on top of the bid amount.

It sure sounds like you can 1031 exchange in to property in one of these zones and if you hold it for 10 years all your capital gains with become tax free. 1) is that a correct representation of what it is?

So if I am understanding this correctly I will either get some if not all of it back when I file my 2018 taxes correct?

On here you will find many "successful" SDIRA investors who have clearly violated the prohibited transaction rules, they just haven't been caught.Essentially if you are looking to invest with a retirement account and you want it to remain retirement money it can work, if you are looking to create non-retirement income or look to help finance yourself it generally will not work.I have probably talked to 50 people about this, 2 are doing it correctly, a couple have disregarded the rules and have done it anyhow, and most everyone else heard a pitch and wanted to make it work when it couldn't work for them...Maybe you can get a national person to do a webinar for you?

Lender can study your file for any aberrations, and work to get them corrected before you contract on a property.

Assuming the correction isn't monumental.

You would be notified here in CO.Shortly before the auction the lender will declare the amount they're owed or the opening bid. 

Those who are VA disabled are exempt from the funding fee correct?

I want to make sure I am taking the right steps in learning the correct information about obtain commercial property.