Each bank will have slightly different guidelines but they are generally going to be Fannie's guidelines or slightly stricter. 

To invest that may be the same guidelines.

He states that the IRS has specifically notes Real Estate in the SDIRA guidelines, but not anything like notes.Also, I have recently formed an LLC from which I will be JV partnering with investors to purchase and work out NPNs.

I took the gamble of waiting until the house was renovated to insure, and I'd never do that again unless its unavoidableMake friends with the neighbors.

Forms can be misleading - - we THINK we understand what to do, we all can read, B U T sometimes there are consequences we didn't understand.The QC or Warrant Deed is trivial - - The PCOR (prelim Change of Owner) is where the rubber hits the road and you hit with sales taxes and other consequences.Why gamble? 

Management may revoke the permission for use and possession of medical marijuana on the premises for any violation of the AMMA, ADHS guidelines or this addendum, including but not limited to selling, sharing, trading, or use in a non-permissible area or in a non-permissible manner and could result in immediate termination of the lease.BY signing below, the Resident acknowledges his or her understanding of the terms and conditions as stated above, and his or her agreement to comply with those terms and conditions.___________________________________________ Date __________________ Resident___________________________________________ Date __________________ Resident

The main drawback is the cost of the study which is high because it is quite complex to properly classify every individual component in the property, and per IRS guidelines this must be done by a construction engineer or architect because of their expertise in construction techniques, design, auditing and estimating in building construction. 

In the past, you could buy a property with cash in an LLC, rehab it, and then just before cash-out refinancing, transfer it back to your personal name to conform to Fannie/Freddie guidelines and get a traditional loan, as long as the borrower was also a 25%+ owner of the LLC previously on title. 

There is a part of me that is crazy taking that gamble. 

The thought was to utilize the twelve months and utilize as much as possible take the gamble that I can get two done with one fee