Can I buy property from my ROBS?

[Micah Starbuck]

I'm trying to figure out if I can use a ROBS to develop a turn key rental and then sell it to myself at a fair market rate.

I've seen a fair amount of discussion where using a ROBS to hold rentals is discouraged but it looks like real estate development would be OK. I just can't find whether or not I could purchase the property after it had been rehabbed without breaking some rule or law.

[Carl Fischer]

@Micah Starbuck

Self dealing is prohibited. You can ask the government for an exception but that takes time and $$$.