However, regardless of how GR8 or not that this deal might be it will require you to do a GR8 deal of due diligence to make sure the #'s make sense for what ever type of investing you are looking to do.  

My first experience with a special assessment is with a condo we lived in, the HOA fell behind in paying for electricity of the common area and gas for central heat.

@Mark SpritzI don't think we're confused, we were just trying update your understanding of certain roles and terms commonly found in the self-directed investing world.An IRA LLC is a self-directed IRA with a special purpose LLC as the main IRA asset.

Hi all,What are some common terms/ways when seeking funding/investors where I own the land in a desirable area and want to have on the land MFH? 

That might seem like common sense, but I'm sure everyone here has experienced getting side tracked and distracted by an article here or a book recommendation there.  

Online research points to 'filtration soiling' and it seems to be somewhat common down here (NC).

There are several ways to do so, the two most common approaches are (a) Checkbook Control IRA and (b) Checkbook Control Solo 401k.

Just about anything is possible as long as it makes sense for the two (or more) of you. 

I know a lot investors live where they love and invest only where it make sense.

Are the numbers making sense over there?