I also have cash in an SDIRA, but thought the transaction would become too complicated this way, with the all the restrictions involved.

Buy what meets your needs and budget.Keep in mind, too, that a lease option does typically involve some down payment.I don't see where anyone would be interested in a partnership where you're living in the house.

I'll disagree with Scott but tend to be closer to Mike.LTV means little to me as I don't have an exit strategy that involves selling.To me, it's all about my DTI ratio on the investments.

However, I'd like to better understand how to work within the legal requirements and the various roles involved.

Government has involvement has only raised prices (artificially) and kept the wheels of capitalism from turning.

It will temporally stabilize the housing market, until the ban on selling them ends.

How can this be changed and what are the costs involved?

Given how cheap money is nowadays, 2% if found provides VERY nice returns.Please note this assumes $0 repair cost after closing and excludes closing costs involved in the actual purchase.

3) Were there any rent credits involved?

The only reason they got involved was because I asked to split a unit.We did some wiring updating, gas line updating, sheet rock, and painting.