Self-directed IRA LLC with checking

[Dave Versch]

Hi. I invest in tax lien certificates in NJ, and I'm looking to create what I think is called a "self-directed IRA LLC with checking". In other words, I want to be able to roll some money from an existing IRA into an IRA from which I can use the money to invest in tax lien certificates (or other real estate if I choose). The catch though, is that I'll need access to the money on demand, so that I can wire cash to a given municipality should I win an auction for a certificate. (You usually need to wire the money within a couple of hours of winning the bid in these situations.)

I found one company that does this, but they charge around $1500 to set everything up, which I thought was a bit much.  Is anyone doing this currently, or does anyone know how I can set this up without it costing so much?

Thanks,

Dave