@Julian Buick  commercial purpose loans in WA require no licensure... if you have cash to invest.. lending is a great way to make nice returns without all the hassles of landlording.Just need to exercise caution.. like buying rentals.. lend as close to home as you can so you can drive up and look at the collateral.. always lend with the thought in the back of you mind would I mind owning this and could I sell if for more than I lent on it after a years time.

Does it have to go back into the IRA which would seem to defeat the purpose as you couldn't make any money to live off.

No one invests in RE.. for the purpose of assets declining in  value or illiquid or very hard to sell.. ( expect those that play in the war zones)So if you really think about it..

I'm thinking Yes even if its a small amount of deals per year, just because of tax purposes and to have some type of protection. 

As for the video, its purpose is to tell a story about what is possible.

I did this on purpose to restructure.

This has to be a 'special purpose' LLC which must be reflected in the Articles of Organization and in the operating agreement, not to mention that doing it yourself may be considered as 'self dealing'. 

Having a licence solely for the purpose of obtaining access to the MLS is not necessary anymore.

Then you can consider whether it's worth making an offer, whether there's enough meat on the bone for another investor to be willing to pay you an assignment fee, and what kind of contingencies make sense to put in the contract.Finally, if the house is genuinely priced lower that market value, it will most likely sell above asking after a highest and best round - making the asking price irrelevant (other than to serve its purpose of attracting more bidders), unfortunately. 

The cost is comparable but laminate seems to wear a little better and looks good for marketing purposes.