You also must remember that while in the beginning transaction might be structured in compliance with the rules there is always likelihood of it leading to prohibited transaction in the future because of disqualified person's involvement.Once you have your personal funds and IRA funds in the same deal you are now opening a Pandora's box and the burden falls on you as the tax payer to proof that there are no personal benefits from your use of the IRA funds, and IRA did not benefit from the use of your personal funds.

Some of his behavior is absolutely illegal and I would never recommend anyone follow his lead, but it's worked for him.

You’ll get plenty of referrals and honest leads on my company. 

Ask what their company offers for ways to generate leads.

After my team and I fixed and sold a fixer-upper my team and I want to use the proceedings to acquire a commercial property valued at $340,000 that generates a good NOI but I have no relationship with any of the banks nor credit unions here in the Phoenix valley.we have the 20% DP readyCan anyone recommend a bank or credit union who facilitates this types of commercial loans.Thanks in advance  

Though I have learned that the deal I was looking for POF, is a bit of a dead lead without straight cash.

Most of the podcast was about his tips for list generation. 

What am I missing in the process that leads to these properties being risky purchases at the online auction or from the MLS due to actionable liens?  

Depending on your strategy sites like those may be fine for some strategies, but for qualified leads you need better data or you'll spend much of your time running in circles.Also, even with the better data, it can be challenge reaching some distressed owners for  a litany of reasons.  

My question is, who here has left their 9-5 and had success or failure and can you give advice towards the what lead to your outcome?