@Alicia CampbellIt is prohibited for a disqualified party to perform services for an IRA asset directly or indirectly.

I realize that once I pay the legal fees, I'm effectively ouut that money.  

Also, she paid for the entire year up front, in the event that she was evicted, I'm not legally obligated to refund that money if she was in violation of her lease, correct?

If I was a hoodlum teenager (I could have experience with this) and someone was passing out codes to houses, I would know where the next house party was going to be.I have enough problems with nitwit showing agents (some) in my properties, let alone unescorted strangers who I never meet in person.

Those requirements are: Reserves savings over 10%, No litigation, no one party owns more than 10% of the total units, low renter and high owner concentration, and sufficient insurance.

income, revenue to the state/county, these properties are less likely to be eye sores and can/will help drive up property values for neighbors (catch 22 here)...etc.i live in rural area on Maui and have seen my share of legal and illegal VRs pop up...i don't really have a dog in this fight either way, but would probably like to dabble in this market as well should the rules/laws change...right now the process here on Maui is just too cumbersome (probably that way to make it unattractive) to become a legal VR property.I do wish you luck and ask that you post back with your findings/results for the other Hawaii folks!

It may not even be legal in your neighborhood.   

If they are using third parties (such as an outside management company) than it is not really turnkey.

The borrower must have held legal title to the lot for at least 6 month prior to the closing of the permanent mortgage for cash out. 

Once you go to court you need to provide proof/documentation that they are behind on rent and any other legal documents pertinent to the eviction.The state then gives the court 10 days to schedule the set-out, unless landlord & tenant agree on a different time frame.