Specifically Fannie Mae?

Some elements that will make a condo non-warrantable are:* High investor ratio* Insufficient reserves/Bad financials* Litigation* Buying as investment vs primary/2ndWhen the condo is deemed non-warrantable for the specific transaction, then the only financing option left is a non-warrantable condo portfolio loan.Hope this helps.

I'm not too sure on the specifics of the 1031.

While I am creating awareness in the marketplace and earning the trust of these individuals through a relentless campaing of obtaining as much face to face time with them as possible, I am busily working to raise my competence through educating myself, doing small deals, and forming area-specific alliances.Is there anyone here who has gone through a similar exercise?

If the numbers don't work, then what are you doing working any further with that specific property? 

If you have questions about the process, I'm probably the best one to ask.The Land Bank was created to eliminate blight in the Kent County area and specifically Grand Rapids.  

Can you share some more specifics about what you're looking for?

So, me trying to be nice and help, I agreed.I know what you're thinking right about now "this guy is an idiot" and regarding this specific scenario, you're right!

Good afternoon BP friends,I'm looking at setting up an SDIRA for the specific purpose of buying a single property - an undeveloped lot - and I'm trying to determine if it makes any sense to use an LLC and/or have "checkbook" control for this particular SDIRA.My initial thought is that since this SDIRA would be to buy a single piece of undeveloped land and then hold that property as an investment for the next several years, that the additional complexity and expense of an LLC and checkbook control would be unnecessary.

Hi @Jonathan West,I can't speak to Nevada or your contract specifically.