Then, I was feeling sad and demotivated about the life I’m living versus the life that I want to live and I started googling: How to make money from home and its derivatives…that’s when I found this useful website!

Not everything has to be derived through a lender.  

But since it's not a commercial property I'd consider you also use comps to derive value.  

I've been keeping separate books and bank accounts for the revenues derived from the property itself. 

Among others, those rules keep you from using the funds for any transaction from which you derive personal benefit.

The derivative of creating this passive income is creating an ideal life for my family traveling with my wife and giving back to the community/ helping people in need .

I don't want to say that it's "useless" for deriving value but I will say that it's useless for me.  

The two entities could joint venture and take fractional ownership of a property as tenants-in-common.If leverage such as a mortgage were to be used, then the IRA would have a small tax burden on the portion of the income it receives that is derived from the borrowed money.  

Broadly conceived, income from all sources derived is taxable unless the income is otherwise demonstrated to not be subject to tax.

I always put in my clients' operating agreements that the members may engage in other business ventures of any nature, including the ownership of another business, whether or not similar to that operated by the company, and the company shall not have any right or interest in any such independent ventures or to the income and profits derived therefrom.