We wanted to buy before it got too crazy.Also, I read something that Buckeye will be the next biggest growing city in Arizona due to a ton of businesses buying land and building distribution or manufacturing centers... and people always hate on the west valley!

@Denise FrazierThe IRA distribution will be taxed at earned income tax rates and state taxes may apply.

@Denise FrazierThe IRA distribution will be taxed at earned income tax rates and state taxes may apply. 

This basically was derived out of the 2009 meltdown.  

Would it be good to make it as a living trust or under corporation to have enough for expenses and distribute rental income?

The amount of Health professionals that live and work near the "Medical Mile", number of colleges with hungry student renters, and Amazon just greenlighted their distribution center here a few months ago. 

With the 2 syndications I set up I was the manager of the sydicate and handled the checkbook and made the quarterly distributions.

@J MacArthurBuying a home you wish to live in in the future with your IRA likely does not make sense.The only way you can use that home personally is to take the home out of the IRA as a distribution in-kind at the present value when you take the distribution.So, if the IRA purchases a home as an investment today for $100K, and 5 years down the line that home is worth $125K, then when you take a distribution, you are taking out $125K all at once and will get hammered on taxes. 

This will cut down on minimum required distributions when your 70 1/2. 

Working on properties is not always a lot of fun, but I derive a great deal of personal satisfaction from it.