Feel free to reach out with specific questions once you ahev narrowed down your plan. - Chris Kersey 

And cover the closing costs.

Laws and deadlines are very specific and missing something will end up costing your time and money.

Be sure to consult with a qualified tax professional to guide you through this and to help you understand the tax consequences in your particular situation. 3) You don't go to a broker to setup a self-directed IRA.

She has an FHA buyer looking for first house.. they make offer with her making a normal 2.5 or 3% fee plus buyer of course needs closing costs..

2) Is there a portion of that nonrefundable deposit that is considered the cost for the lease option?

But I think more because it is not a cost of the sale. 

true people search is pretty solid and its free.

You would be much better off finding a job that can at least cover your living costs while you build your portfolio.

They can provide firsthand advice and potential solutions.SummaryLegal and Financial Consultation: Get professional advice from a real estate attorney and financial advisor.Negotiation with the City and Lender: Try to negotiate terms that provide relief or feasible solutions for compliance and loan terms.Exploring Financial Options: Consider new financing, partnerships, and investment opportunities to raise the necessary capital.Community and Industry Support: Leverage the experience and advice of others in the real estate community.Each step should be carefully considered, and professional advice tailored to your friend’s specific situation is crucial.