There is no homestead exception applied...but I will also lose it in my current house if I rent it, so ...I'd like to go with the worse case scenario.

But just keep at it and you'll eventually find good people with a common goal to work with.

It is very common for homeowners in a neighborhood to not own the minerals beneath their land as developers usually do not transfer the minerals over in the deeds.

There's plenty of appetite and it's actually quite common. 

I have an attorney now and if we get to a common ground I'll definitely be getting him involved. 

In this scenario, it sounds like the rehab property would not be owned by the IRA "(let's say property was purchased with another loan)".

Is this common?

If there aren't two ways out of all of the bedrooms (common with basement rooms), then you might have to install an egress window, or quit calling a particular room a bedroom.You mentioned the fireplaces; why aren't they safe? 

I am his credit partner on this one, but i manage it and all its dealings. the property management company was set up through the relationship they have with the REIC .My problem is as far as work orders, maintenance, repairs etc... i am not notified unless the amount is over $250. is this common?

In reality, your holding costs will likely be zero, @Qendrim Marku, since it's doubtful you'll find a hard money lender to fund this deal under the scenario you presented.Because of the overly strict regulations that govern home loans, such as Dodd-Frank and the SAFE Act, most hard money lenders will not loan on owner occupied properties.