IRA passive investment

[Lindsey Kocher]

I recent was able to set up and establish a compliant checkbook IRA/LLC through some great referrals here on BP! The property I had originally planned to purchase is now pending while I was getting all of this set up. So now I'm changing focus to use the $$ to help a nondisqualified family member (SIL) get back on her feet in Nashville. I think we'll have more buying power if we use the IRA $$ to use as a down payment, and obtain an FHA loan through my SIL.

What I'm struggling with is analyzing deals (using the BP tool) to determine what my return would be over time. I've invested most of learning into the logistics if my IRA OWNED the property and understand the costs/benefits/risks in this space better then if I just owned a straight %.

1. Would my IRA still be responsible for paying 40% of the taxes/insurance as well?

2. Can the property be titled in her name and my IRA still own 40%?

3.  Would she be able to "buy" the remaining 40% in the future, and if so, how?