Ive been reading about SEP IRS self directed IRA and 401 k but seems to be for self employed people. any idea how to re-allocate my ira into real estate investments??? 

A 5 BR cannot limit to less than 11 people. 

I find when people have no true personal investment they generally don't care.

I see a lot of people recommending the TREC 1-4 but I see others opposed to using it and instead suggesting something simpler.Can anyone recommend an attorney who I can consult on contract usage?

People think "Why would the bank care, they are getting their money".

And you're right, anytime I've gotten a different answer from multiple people in code enforcement on this topic. 

Looking forward to connecting and meeting more like minded people!

There are a number of them around the Seattle area as well as some different investor Facebook groups.By meeting other investors you will be able to get information from different people utilizing different strategies that work in this area and determine which are the most interesting to you.

I've been a developer for 17 years on projects across the US and we do both JV deals and consulting based on what is most beneficial for all people involved.

I host a monthly real estate event in Jersey City to get people together and find ways to work together.