I am looking at a HUD property online and in the listing it says:"Home status is FHA insured with escrow $3905."

If you even pay for one light bulb using your own funds (not from your SDIRA) you will be violating the IRS rules and risk forfeiting your tax free status and will be subject to penalties. 

However each time I find a property listed as "pre forclosure" its status is Lis pendens.

Hi BPers, Over the past year I have been working with a social media coach who has got me creating a lot of content on my website, and through youtube, twitter and facebook.

(This must happen first)When you get a pre- qualified as a borrower for refinancing, you have a certain FICO score and get the interest based on your current Credit status.

Then I would go on every social media out there, such as Facebook, and totally destroy his reputation with facts.

Be nice, but mention social media reviews...

I am 19 years old with limited financials and am attending college, I don't think I have time or the financial status to flip houses while in college.

Beer is a necessary expense for most college kids, social growth is part of the education....LOL

As I educate myself on Notes, I would love to know what are some of the strategies and due diligence requirements when looking at 2nd Lien NPN and chapter 7.Here is an example:Sale Price: $8kUPB: $100KProperty Value: $290kSr Balance: $400kSr Status: UnknownChapter 7 Bankruptcy / DischargedSo the property is definitely under-water and there is no information on whether payments are being made to the senior loan.