I don't really see anything wrong with this practice, but it seems a little funny to me, because the subject line is always "Off Market Deal..."

However, I’m curious what you mean by “voucher” in the subject of this post?

If you are a fix and flipper in LA is there meetups that BP Members have frequently?

Although I am a Broker, I've not run my own Brokerage, however, I'll offer insight from my own experience as this is not a very cut and dry subject. 

My sister and I own home in trust left by dad I live in property and have for over 20 years I own 1/3 sister owns 2/3 I was approved for a home equity loan the underwriter wants to see a copy of the trust . Why and ca...

Also I want to know is the distribution subject to income tax and that to the to the business or personal level.

When a tax-exempt entity (IRA, 401(k), HSA, non-profit, etc.) engages in a trade or business on a regular or repeated basis it is creating Unrelated Business Taxable Income (UBTI) which is subject to tax. 

They even had seen pictures of the buildings before, knew the locations, etc. but still decided not to fund for their own subjective reasons. 

I came up with a subject to deal, assuming his mortgage and no money down.

Even if you understand all of that, frequently I've seen people, and their attorneys, who clearly don't have an interest in the property, claim that they do and are willing to go to court to prove it.