@Skip Rivera - Check out this from CA State Controller website, http://www.sco.ca.gov/ardtax_tcs_pubauction_bidder...Hope this helps some.

Stay 100% in control of your property and only use professional mngt who screens tenants and uses licensed vendors.

That's why people use them.....no loan, no foreclosure, control of the property and the equity.

I haven't done any research but I might be interested in El Salvador given how well they've been able to get the crime situation under control over the last few years. 

I am $116 dollars less than what the FMR and no rent control.

Actually I wouldn't do Newark either due to their nutty rent control laws.Clifton is good as you can find cheaper, more working class as well and still in Passaic county.

The main pro for building would be the ability to control where I live while living in the house, whereas most multifamily homes are within city limits and not my preferred choice of dwelling. 

None of this speaks well for owning property in an IRA.While trying to find related examples, I found another argument I would have certainly lost regarding accounting for a checkbook controlled IRA LLC: “Providing un-tracked accounting services for your own IRA LLC can result in a both an excess contribution and a prohibited transaction.”http://www.prweb.com/releases/2011/02/prweb4300264.htmAccording to the article, “Although there are some exemptions for services provided to a retirement investment plan, they do not extend to services provided to entities owned by the plan.”I guess you guys are right.

Month to month leases are a great way to maintain control over tenants who are possible problems. 30 days notice is all it takes to get rid of them.

A HELOC is probably the most reasonable option other than selling to make some equity available since you would have control over how much and when its used and only pay interest on how much you actually use and when.