Or, in other words, if you think that's all you need, and not do the other parts of the protection (insurance, management, maintenance, corporate formalities and accounting, etc.) then is like putting an iron front door but leaving the windows open.Here, a diagram to help you with this question:

Hello Jim and Rachel,While an IRA holder is not allowed to be the formal property manager of record, they are certainly able to handle the decision making, and, depending upon the IRA provider's services, the paying of bills and the receipt of rent or loan payments can be online and for free.  

Keep in mind that wanting to be a full time investor does not require any formal education.

The whole process of this lends importance to the application so they see it isn't just a formality.

. - I think the OP did get this at Sheriff Sale rather than the TCB sale; remember that municipal lien thing I posted a few weeks back - that is what is at play here.The judicial sale to extinguish liens can extinguish an IRS lien subject to IRS redemption rights (which are the greater of at least 120 days or the redemption period that the owner gets).

At that point, I'll run the numbers to see if turning the properties over to a formal PM company makes sense.

Equally, all questions by bidders received during the bidding period should be submitted in the form of RFI (Request for Information) and formally responded to and distributed to all bidders.  

A guy goes to a judicial foreclosure auction and manages to pick up a house worth hundreds of thousands for $1K.The lawyer representing the bank was supposed to show up and make a full credit bid but he got stuck in the court restroom.The law firm and/or the bank are screaming at the county constable to do something but the law was followed and they are out of luck.I don't know how the story ends but I imagine that either;a) the bank made him an offer to good to refuse wrapped in a thinly veiled threat of legal actionb) they got a temporary restraining order and then buried him in lawsuitsc) being the easy going fair minded people that they are, they cut their losses and moved on

The assistant said she knew the house and that the approval was just a formality and it would be good to go in a few days.  

If the tenant fights the eviction hard or you believe they might try to break back into the house I would recommend being onsite when the eviction takes place, and with the police as a witness, giving a formal trespass notice.