In this structure, the IRA funds are used to capitalize a business in which you can be an active player and draw a salary.  

These game players just keep coming like a Freddy Krueger!

I also know the courses contribute to the expense of running the REIA - or the dues would increase quite a bit.That said, real estate can be difficult to break into- especially if you don't know the real "players" .

The seller is not disclosing a reason(we have asked) they are a big player locally and purchased the property in 2003 for 300k.

It sounds like you've been in this world before and understand how the big players play.

Look for MF meetup groups to start learning the market and players.  

You need to know all the players and their motivations, what they want out of this deal, and how you can balance those desires with your own goals for a successful project.

For the last year or so we've seen some key deals made downtown by Prudential and other big players.

Know who ALL the players are before getting involved.

The players I have encountered are severely lacking in the experience and knowledge I would like.