Is this legal under current legislation? 

Voters complain to legislators. 

Cleveland City Council in 2019 passed legislation that requires owners of rental property in the City to prove that their dwelling units are safe from lead hazards."

"Given the risk to businesses considering eviction records during the effective dates of the legislation referenced above, AppFolio will no longer be reporting Landlord Tenant records (i.e. eviction records) created and/or filed from March 1, 2020 until August 31, 2021 on our screening reports effective immediately"Cleveland Did an amazing job getting rental assistance to struggling tenants ( I helped get 15K of rental assistance to clients), and they still moved forward with Evictions for Problem Tenants( like the Drug dealer waving a gun at my other tenants) So in Cleveland, If you got evicted in 2021/2020, you really earned it.

So it's probably a good idea to wait a month or two until the Build Back Better legislation is passed before investing your SDIRA into a private deal.

A lot of legislative things in CA this month.

Just do this Google search:  reconciliation self directed IRAYou'll get a smattering of links (ignore the Ad results) that explain why this is such a hot topic right now (and why you should get involved by communicating with your representatives).Most expect that the issue will be resolved once the Build Back Better legislation has been passed in the coming weeks....

Thoughts on this….This article was sent to me from my CPA after I asked a question about my current note investing and investments I am seeking to get in on, which includes anything from individual purchases with a JV to accredited investing with a fund company.https://www.cnbc.com/2021/09/1...My SDIRA also sent me this email regarding the proposed tax law on using IRAs for these investments.How does the proposed legislation affect me?

If the proposed legislation is enacted, you will no longer be able to purchase any of the above investment types in your IRA.

ANd STR in Philly is up in the air right now with legislation coming that will wipe it out (it is being fought)-Philly and LV are two vastly different markets - each with many micro-markets.