Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.  

There’s definitely a place for both, and I don’t blame anyone for wanting to save a few hundred bucks if all they have is a W-2 with no plans to invest or start a business.But let’s be real—life isn’t that simple.

With careful planning and consistent effort, you can create a portfolio that aligns with your long-term goals.Good luck!

If you don't occupy the property, then you'll have to pay 20% down.

I purchased my first SFH (3 bed, 2 bath) and currently have a tenant paying $850. 

If it’s an older property or has deferred maintenance, you might want to lean toward the higher end.When it comes to CapEx (capital expenditures), planning for major replacements like roofs, HVAC systems, and appliances is key.

I’ve had people who signed up for 6 months and stayed 5+ years, paying increasing rental rates.

Maybe you just hire someone and pay them to manage your projects? 

LVL material, preference for an open floor plan, make this renovation very popular.

It became your strategic advantage.The Moral of the Story:Sometimes in tax planning, what looks like a lemon can make premium lemonade.