This is an IRA, just like any other self-directed IRA; however, it allows you to connect your IRA to the following: 1) You can use a checkbook IRA LLC type structure, for example, if you are purchasing individual rental homes, or an occasional fix-and-flip.

Ideally, I’d have an Airbnb down there (for occasional personal use) but have received some feedback that an out-of-state Airbnb would be too difficult to manage.

There are plenty of cash-flowing markets here - especially in the STR space.I'm in Arizona and there is constant news about what is happening in Mexico with occasional charts of various cartels and what turf they are fighting over,  and mass graves that have been found of the "disappeared". 

For the last 18 months or so there have been very few "deals" in my opinion so we have changed our approach and we are flipping and occasionally reselling with owner financing.  

For residential mortgage, an LLC needs two years of its own tax returns or occasionally, a local credit union where you have an account will ok it.The bigger question is about your partnership.

Haven't seen a whole lot of people renting out detached storage units in Memphis but occasionally it does happen.

I run a company called GoliathData and we specialize in finding people looking to sell and occasionally act like a wholesaler.

If someone came along from the county and demanded we cease, we would, though it's not likely when there's an occasional RVer or tent camper.  

Many small businesses that are home based need a business mailing address and the use of meeting space and an occasional office. 

Occasionally I have had to host a second open house but still better than a bunch of individual showings IMO.