Please keep in mind that you are not selling candy bars, a Playstation on Craigslist or something, you are transacting in real estate which comes with a lot of liability.

I represented myself in this transaction.

I represented myself in the transaction.

Does anyone have experience refinancing an illegally zoned duplex? 

Hey, @Shannon Schlappi, my group here has quite a lot of experience with subject to deals and owner finance transactions as well. 

@Justine C.In regards to the use of the SEP IRA - You may want to see if you can use the SEP IRA to lend to your sister who can use the funds towards the down payment.Just make sure that the transaction between the SEP IRA and your sister would not be considered a disqualified person/transaction.

Although you'll have higher monthly payments with the FHA, being able to keep tens of thousands of dollars of capital towards future transactions is worth it for a house hack in my opinion.

@Eddie StarrDefinitely illegal to have lenders give you kickbacks/referrals.

In Texas, the transaction is sub-2 purchase and warp sale.

I agree with Chris Seveney that seller financed notes will be a dangerous note to own because they are overpriced.Government policy is quickly showing that it wants to eliminate small real estate investing, e.g. the law in Illinois that requires a realtor to be part of ANY transaction, thus curtailing creativity and raising costs.