If the real estate is then distributed in-kind from the self-directed IRA to the IRA participant, a fair market valuation/appraisal is required, with taxes due based on the value of the property at time of the distribution.

Also the company I’m using is Sherman bridge lending they seem pretty good but the interest rate for is quite high 10/90 it’s 12% is this common?

Hey Derrick- this is a common problem, and essentially the reason hard money exists.

For many, house hacking is a nice thing to do, and then the BRRRR method works.Look, if it was easy and everyone could do it (ie: invest, build wealth, make money) etc - then that kind of de-values money. 

It sounds like there may be common ground there or some sort of relationship based on how you described him in your initial post, give a conversation a shot, a resolution may be easier to reach than you think.Good luck

Thank you for your kind reply ...

What kind of strategies are most interesting to you?

After you look at Zillow/Craigslist, I would recommend running the numbers on the BP Rental Property calculator to see what kind of profit/ROI they would be getting on the property. 

This information and approach is becoming more common knowledge as the MHP investing space gains momentum and the Frank and Dave MHU knowledge spreads to more and more investors looking to break into this " new frontier" of Multifamily investing.

It has its own court yard that could be used as a glass-covered atrium with a common area for people to relax.