why would you buy a rental in a SIDRA  you lose the depreciation benefits.. which is one main reason to buy a rental in the first place.. notes are the best vehicle for retirement accounts. 

Kiyosaki, I'm currently in the "E" & "S" quadrants (Personal Trainer) but I know real estate is the vehicle I want for long-term passive income.

People use LLC for rentals as an asset protection vehicle.

sounds like a pain in the *** for an investment vehicle. also raises the question to me of " Where the heck is this property located that its eligible?"

Take out the equity when the seasoning period has ended with whatever financing vehicle you choose(refi, heloc, etc.).

‘Servus’ from a fellow german expat, i moved to The U.S. two years ago and also pursue real estate as an investment vehicle - not really local to your area here in Vegas, but maybe we can link up some time on BiggerPockets, i’d be curious to learn how you got started and where you are headed :)

You cannot purchase the property personally and then assign or transfer to your IRA.Any self-directed IRA vehicle will likely take 2-3 weeks to establish, largely due to the timeframe involved in moving funds from your current institution to the new institution. 

I like the idea of looking in prospective tenants vehicles, unfortunately it was a February evening in South Dakota when they came to look, so not a lot could be garnered from that. 

Further, if you decide to sell that property and reinvest into another investment you don't have to do the 1031 exchange since you are doing so inside of a tax-sheltered vehicle (IRA). 

Is it more cost efficient to claim miles on your own vehicle or purchase one with your business and deduct that way?