Work-out non-performing notes in a SDIRA?
I just listened to a presentation in which a lawyer (SDIRA expert) said that you cannot perform physical work on your own rental properties held by your self-directed IRA. This would be a prohibited / self-dealing transaction. So my question is: Does this correlate to the work-out effort for non-performing notes held in a SDIRA? In other words, if you hold a non-performing note in a SDIRA, can you conduct the work-out effort yourself to get it performing, or are you required to hire a third-party vendor to do this for you?