Hello,I just received a notice from my SDIRA provider that I need to to do a 'yearly valuation' of my SDIRA Assets.

when i see proof of funds letter instead of VODs (verifications of deposits like legit bank statements) it wreaks of wholesaler and hard money contingencies coming sooner or later.wholesalers and hard money borrowers do need to stop throwing around 'all cash offers' and phony 'proofs of funds' cuz its making the wholesalers who do have all cash buyers lined up, and hard money borrowers who do have a private loan commitment, seem shady.if ur a wholesaler with a cash buyer ready, disclose it, dont say ur the all cash buyer. likewise if ur a hard money borrower disclose the fact u have a private loan committment, dont forge proof of funds cuz it looks 'better' than explainin ur getting a private cash loan!

Build trust through verification and performance over time.  

You have to, to wholesale it don't you?

I'm almost tempted to go get my own license, and tell the 15 or so I've talked to, to shove their service up their A$$.

I have had no verifable income since 2004 but do have have a sizeable amount of money in the bank (50k+).

We just have to show that we have made sure they have the ability to repay, and we do with the job and documented income verification. 

Getting a new PM would be my next step, but I always do my own verification of tenants.

With that 6 month rule I could work on both at the same time IF I had to to keep county off my butt.

Damage due to the fire was somewhat minimal considering the situation but the place was sooty from to to bottom and there was a lot of charred wood in the area of the actual fire.