@Bernie HuckesteinThink of the IRA-owned LLC as being like a "fund" owned by your IRA, where you are the fund manager.As the manager of the LLC, you can choose to open one or more financial accounts in the name of the LLC at a bank, credit union or brokerage house of your choosing.  

Welcome to the club Justus Bantz the BP community will treat you well if you choose to take advantage of the free info on this site.

But you only need 1 year of tax returns for a conventional loan in most circumstances but many banks choose to put an extra requirement to ask for 2 since it will limit their risk.  

Talk to 2-3 before choosing and have a good GC contract to hold them to their estimate without overages and with time constraints as a GC will often quote 2 months on a project and take 4 costing you big $ with hard money.

I would suggest choosing the location wisely in Atlanta.

If I choose to sell, and use a 1031 exchange, my $1,400,000 will have grown to over $4 million net.

Also, the formal living room is large and we created a doorway in the family room to allow passage to the living room if somebody chooses they want a dining table for formal gatherings.

What that gets them (if they choose well) is a property in a prime location where tenants are much easier to manage, their downside is lower and where appreciation is much more likely. 

Be able to dominate the competition there and continue your education at whatever you choose to do.Watch out for what you see on the Internet, it typically has a bunch of people that try to make it by making emotional sales for things you do not really need.  

You can also choose to include the costs in the basis of the property purchased.This can also be the case when moving into a new asset class, like SFR to Commercial Property, even if it's in the same geographic area.If you move quickly - ie, travel to an area and put in an offer and close on a property in quick succession, you can make a case for deducting as an expense right away, but there are several grey areas involved in this.So keep track of all your expenses.