Even before we had one of our units not chosen, we had donated to a legal fund to fight the STR quota.  

I know of two online banks that will do it but I would NOT recommend them, like recommending FTX today.This type of LLC cannot get a conventional mortgage loan as the IRA entity is not a real person, maybe hard money will with a personal guarantee but that threatens the non taxable structure chosen for using IRA. 

It will suck out all your profit with a poorly chosen property. 

These types of loans I have seen done, and I've personally done a few in my chosen market.So when you are talking to lenders, keep their risk in mind.

I guess the point is find the things you can indulge in that will make you happy and in end make you feel less guilty because they aren't chosen carelessly, but profitably.

I have chosen to invest in smaller properties at higher cap rates because those are still available.

@Christopher ParsonsHope you've found a VA or bookkeeper to help you out with this.All of our clients are on Quickbooks, so I can only speak to that.If you've chosen to go the QBO route:- be sure your chart of accounts is sufficient.

Also, the $250k price was chosen so that the property would generate cash flow for the wife based on $2k rent/mo. 

There are a ton of options here, but I’ve chosen to leverage the passive investing model where you can spread your funds across multiple asset classes, operators, geographies, and properties in increments as low as $5,000-$10,000.

@Sergio Jordan ManzoCurious to why you have chosen Austin, TX?