The person that advised me with regards to the option contract was a friend, and did not specialize in real estate law.

I need to keep it under the radar screen to avoid UBIT tax laws being re-written.Additionally it is proprietary so I need to avoid advertising the details publicly. - Ron

I find that laws always change.

I guess that makes sense and I would actually use cash on hand to fix up the place (I am estimating materials at 25k) Labor costs I will be eating since I along with my father in law would be handling the fixes.

Some of these 2-4unit properties are priced ridiculously high, and L.A has strong rent control laws so they might be asking $500,000 a duplex, but tenants might only be paying $900 or less a month each so there is no way someone can cash flow.

IRA protections are governed under state law.

Whether or not this was there policy or state law is something that they all had a hard time answering.

I've notified all of my friends and family but since I moved out of state I have also just finished the state law class for their state and I am taking the test next week (it's a reciprocal state).

Scotty, I do not know OK state laws, but it appears OK is a trustee state and appears the process may be similar to NC.

How possible is it to move the law day back if the SS is already being negotiated?