@Cameron Riley there are more options, but they are cost prohibitive unless you own many properties.

First, you need to understand your state licensing laws....many prohibit this, once you advertise the house details, regardless of any “selling a contract” language. 

You may be better off using traditional financing unless the condition of the property prohibits this.Otherwise as others have suggested, you may want to consider wholesaling to bankroll your first investment.I'm a local agent in LV, and I'm also an investor, so please let me know if you want any additional insight. 

LEED can add enough to a project to make it prohibitive for a spec unless price is not an issue.

Setting up, doing the paperwork, opening a separate checking account, paying the accounting fees and abiding by all the LLC rules and regulations seems like it would be time and cost prohibitive.

@Gabriel JerohSaying "in Chapter 13" isn't saying if the bankruptcy has been discharged or not.At the time of filing until the discharge, the Bankruptcy Code provides an automatic stay that prohibits creditors from obtaining any money or property.

Once you take the loan you can do whatever you want with those funds, including transactions that might be prohibited otherwise. 

This is only an issue if you, or one of your family members, or another prohibited party owned the property.

It is a prohibited transaction to have any sale, exchange or lease of assets between yourself personally and/or any disqualified parties and your IRA. 

Check their backgrounds, if you have a lease that specifies illegal activities are prohibited and you discover them- you have grounds for removal.