I'm pretty sure that even though the documents says it ends in 2012, by continuing to accept payments, both parties have (by their actions) agreed to an extension...with no end....or......For some reason, the agreement stated the Option to Buy happened AFTER 5 years, with no apparent time limit. 

These are professionals with additional training and a stricter code of ethics.

I say quiet and country so they know it will be not the place for the party crowd.

Three parties may show up five minutes apart and you end up not having enough one on one time to get a good feel on some of the potential applicants. 

As for a good lawyer in Rochester...ask @Mark Cumbie he's the RE professional of Rochester. 

Birmingham has proven to be a big destination for young professionals with degrees - a group that  starts more businesses at a younger age than previous generations.

Also, maybe someone could reach out here and explain why they got the license when being a "real estate professional" wasn't the end goal?

Most lenders offering non-recourse loans to an IRA borrower will require significant cash reserves in the IRA for this very reason.Since you cannot add funds personally, the IRA may need to bring on a joint-venture partner or take a loan from someone who is not a disqualified party to cover a short term cash crisis as you describe.

If that is the case, this should be fairly straightforward, thank her for her feedback and send her a copy of the pre-move inspection that outlines the items that both parties agreed to.   

That is, don't buy any notes at first.Instead, get good at marketing for notes (that is, finding notes through either direct mailing from purchased note holder lists or networking through professional referral sources)-- I like the preformingnote space (the "ma and pa") note holders as I am good at finding them and I'm used to dealing with these types of people...a lot of the time, they need guidance and that's where I come in.