But overall, the strategy of getting into and out of positive cash flow properties and avoiding taxation, sounds like a much a better way to invest my money than the other $500k+ I have on the stock market.

Additionally, Pass-through taxation is a benefit. 

That really helped and now I get it Capital gains will always be subject to taxation but deferment is the magic or additional depreciation from other investment properties or syndications.

There are 20+ CPAs and accountants on this site that specialize in real estate taxation.

It is not eliminating muni oversight and taxation,   Get a grip people.  

In other words, you can not pay yourself income from profits generated from your IRA's rental property and you can not pay yourself a property management fee from the IRA.UBTI/UDFI: This third category is most confusing and you should consult with a very (and I mean very) experienced accountant or tax attorney familiar with SDI's and the taxations involved.In a nut shell, this tax was formed to level the playing field between IRA owners and the general business public.

Dave, while your advice seems on target with respect to taxation, I really do not agree as far as your comment concerning liability protection offered by the LLC.

As for funding -- will there be a Greenhaven Board of Education (with Decatur-level taxation)? 

Kind of late to the game but I just listened to this podcast and was wondering if someone could clear something up for me.Around the 54 minute mark, the topic of multi-member LLC taxation comes up.

Even with such taxation, however, it can be quite beneficial to flip houses in an IRA.