The IRA can borrow, but the loan would need to be non-recourse.The development of the property would need to be conducted at arm's length.  

I noticed recent regulations on Home Valuation Code of Conduct and was able to get an electronic copy of the appraisal I paid for.  

When determining whether services performed by a corporate officer are considered nominal or minor, IRS agents examine the character of the service, the frequency and duration of the performance, and the actual or potential importance or necessity of the services in relation to the conduct of the corporation's business.Example: The officer of the corporation perform only minor ministerial functions entailing a few hours work a year for the corporations.

This is the actual wording in the PM contract;OWNER agrees to indemnify, defend and hold AGENT harmless from any and all claims, investigation, lawsuits, actions, causes of actions, demands, rights, damages, costs, loss, expense and compensation whatsoever, presently existing or which may hereinafter accrue on account of or in any way grow out of any and all known and unknown, foreseen and unforeseen injury or damage, loss cost and expense, and the consequences thereof, resulting or to result from the condition of the PREMISES, conduct or inaction which arose or might arise on PREMISES, repairs and maintenance conducted on the PREMISES, and the management and leasing, whether occurring during the term of this AGREEMENT or after its termination.

Cannot pinpoint which state department regulate property management conduct in TX.

In NY where I conduct my business, people sue the entity as well as the persons behind it anyway.

Even with the code in place I will say that I've encountered many Wholesaler trying to conduct transaction in DC, I'm assuming the code enforcement just hasn't caught up to the illegal practice taking place.

Using a systematic approach to conducting how your company will run, so that you can successfully expand without too much hassle. 

Should I go ahead and get one conducted.

I conduct all business under my llc.