The agent did not give a satisfactory answer so we call the HOA our selves and were shocked to discover that we could not rent out the unit since the HOA had recently enacted new rules for caps on rental units.

They did make a proposal however:Partners A & B move forward with the financing of the property, keeping partner C's name off of the loan docs, therefore not exceeding the 4 property rule.

What we did, since we knew about the 'no self dealing rule', AND not yet having our IRA's rolled into the SDIRAs, OR having the LLC set up, and we were wanting to 'buy' this property at an auction is this;We had a non-disqualified third party do the bidding, sign the offer, and provide the earnest money check.

Also, at what point is it no longer in the hands of the Listing and/or Buyer agents hands, before or after the court has ruled on it?

Especially of working with preforeclosures, it's good to know laws/rules and procedures so you know what you are talking about.

If you follow those rules you'll be fine.

If one smoker moved out, another smoker moved in.A couple years ago, I started making it a rule that there's no smoking in the house.

I consider some of them, my mentors.So before jumping ahead and not knowing and understand fully what transpired (and justifying that by making a statement that's "ridiculous", simply staying with asking curiosity questions, or ask me to share an experience, you'll find out more information and all the pieces put together would perhaps make sense.Thanks,M

Bill Gulley in our state (Florida) the state courts ruled a few years back that single member LLC's offered no protection.

So what you're looking for is how to justify getting thier asset and money from it to do for them what they did for you!