I'm no expert, but this sounds like an excellent deal as a buy and hold and maybe sell down the road.

To be honest I don't want to deal with the big banks, I do have a relationship with a credit union but they don't offer the loan I want like Fha.

Excellent feedback on each post here, and I appreciate it all.

For single-purchase raises for a specific asset it seem that best from the perspective of the promoter would be defined as:Least transaction costs and friction for presenting deal to investorsBroadest possible audienceLowest cost of capitalAdequate protection from lawsuits or legal risk both at the time of subscription and on a go-forward basisHighest likelihood of finding or maintaining relationships with investors for the longest period of time possible The motivation for a blind pool would be largely the same, but one would place more emphasis on the ability to forge long-lasting relationships with investors so they'll continue to invest in future placements or deals in general.

Your background should certainly be an excellent asset for you: you can take on rehabs that others might pass by due to complexity and cost.

Thanks for all of the excellent knowledge and advice.

At the closing, we will get the property 'assigned' to use and all paperwork will be done in the name of the LLC that is by that point funded with the newly rolled SDIRA's (3 in our case).Note, all 3 of us have a LONG and excellent business history in our small town and with this realtor, which is probably a large part of the reason they were not suspicious of this working.Dan Dietz

Definitely jump in and start building relationships!

*sound of crickets chirping*What worked way better was building relationships with a small hand full of true cash buyers.

It's about relationships and many realtors today are well aware of the investor game unlike 10-15 years ago.