Marie Poe gave you a great example.When I approach this type of situation I like to have more in depth info before I propose solutions to the seller. ( sellers expectations, wants & needs, current rent, market rent, expenses, existing loan balance & terms etc.)It would be cool if this transaction could be done using your IRA (or someone else's) to buy an option.

What return can you make on your money if you could invest in something else?

How else do you find sellers?

What else do I need to think about?

Anything else I'm missing??

@Randy King I heard that from someone else, but I have not heard anything from HUD about that.

(the third party could keep the property or sell to someone else at this point, but I dont expect that) that this is still self dealing?

I had a similar deal and had to go back to the original purchase that started the mess and reconstruct everything and when all was said and done, none of the supposed heirs had a legal interest.

5) anything else you deem helpful.

So if I do become and agent I can show myself a property for my own personal purchase/investment or do I have to be selling it to someone else?