Take a look at some photos below to see some of the things you should be prepared for if you engage in investing in these blighted areas.

What types of communication are you regularly engaged in?

If your real estate attorney specializes in closings, they might not be the best choice for entity structuring advice.You should be crystal clear on your own objectives long before you engage an attorney.

At least in the sheriff's sales, the auctioneer is not engaged in trying to hide things from the buyer. 

But...If I wanted to engage in other REI deals with money straight from my savings account, would I have to form a separate business entity in order to take part?

That could be a great way to find and stay engaged with local investors, realtors and opportunities. http://www.biggerpockets.com/alertsLooks like you've already made some connections with other BP members in your area...You can also search for other investors or brokers in your market and follow their journey on Bigger Pockets here: https://www.biggerpockets.com/search/usersBest of luck to you and look forward to following your success on BP!

Your post was apropos because it’s easier to analyze the heck out of a deal than to take the actual steps to engage in the buying process.

engage in a nice conversation.

Hopefully, this introduction will be one more 'push' for me to get started.2) I like to work with people.3) RE feels more 'real' and engaging than the stock market.4) I want the financial freedom.What do you think?

IRS rules are very clear: IRA can not engage in any transaction, directly or indirectly, with disqualified party.