I know that is not the case in Denver and most of the major surrounding communities (Littleton, Centennial, Aurora, Arvada, Wheat Ridge, etc).

And if you reside in FL and make loans say in a state were its not required to have Licensure.. since your domiciled in FL you may still need to have an NMLS rmlo license.. this is the case in our state of Oregon... does not matter were the property is its were your offices are.Now we can go right across the border to WA and its commercial purpose and licensure not required.I would follow Jon's line of thinking and hook up with a great mortgage broker in your area and let them do your first loans so you get a feel for it and the paper work...

@Yuriy ShepelinIf you are acquiring property in your IRA using leverage (which seems to be the case in your situation) - portion of the rental income will be subject to UBIT. 

I assume that’s the case in San Fran as well.

Maybe that's not the case in your town, but it will be scaring many investors with retail properties.Perhaps try speaking with your current landlord to renegotiate your lease (extend and reduction). 

Case in point.

In any event, what do you feel is your personal best case in seeing a project proceed?

Something small that I like is that parking is relatively easy to find which isn't always the case in every Denver neighborhood.

Not sure if this is the case in the areas you mention, I’m not familiar with them, but in other places (I’m in Marco Island) as they implement restrictions they don’t apply to the condo associations which make their own rules.  

I had them pester us into paying some tax for the person who lost it.. but not redeem it outright. the risk is if you do improvements past making the house safe from the environment.. they don't have to pay you back for any rehab you did to it.. you wont get title insurance until the 120 days is over.these were frankly my favorites..  90% of investors are scared and don't understand or they need to borrow money and cant.. so its perfect for the true all cash investor.. knocks out a lot of competition and i have gotten some smokin deals on those.5.12.5.2.7 (06-07-2016)Amount Necessary to Redeem PropertyIn any case in which the United States redeems real property under 28 USC 2410 or IRC 7425, the amount to be paid for the redemption is the sum of all the following:The actual amount paid by the purchaser at such saleNote: In the case of a purchaser who was the holder of the lien that was foreclosed, the amount paid includes the amount of the obligation secured by such lien to the extent it was satisfied by reason of such sale.Interest on the amount paid by the purchaser calculated at 6 percent per annum from the date of such sale until the anticipated redemption dateIf applicable, the amount of a payment made by the purchaser (or successor in interest) after the foreclosure sale to a holder of a lien senior to that foreclosedIf applicable, the amount equal to the expenses necessarily incurred in connection with such property after the sale but before redemption MINUS the income from such property and MINUS a reasonable rental value of such property (to the extent such property was used or allowed to be used by the purchaser)