Being a real estate professional allows you to treat the income as non-passive, allowing higher high income tax payers to pay less in taxes.

Any existing debt?

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

A good DST would absorb the rest of your debt nicely.

There are two reasons this is a bad idea.Investing with an SDIRA (assuming it is not a Roth) will often result in paying significantly more taxes. 

Too much bad debt 😅 kind of a joke3.

Any tax pro who is familiar with REI will be able to help you.

This eliminates the problem of increasing your debt and damaging your credit score.

If you can purchase this home with private money or seller financing and get a $110k loan, then you could do a rate/term refi right after so do a 90 or 120 day note to secure the property and get it in your name, then refi into long term debt using the full appraised value. 

There are less taxes in Alberta too.