All of this nonsense about the 1% paying their "fair share" is red meat fodder for votes, but defies what the actual statistics say.  

There are many many more hoops to jump through, and paperwork needing to be filed, and custodian fees (and fees and fees) not to mention having to deal with "non-recourse loan" lenders AND the complications of the taxes...I came to the conclusion that unless you can buy the property outright in the IRA it just wasn't worth the hassles, red tape, paperwork etc etc etc.Plus, RE has many great tax advantages that you would be giving up when buying in a tax advantages account.If I had $150-200k in the account, that would make things different.

I removed non-useful items and added some bold:"5.

Similar to Justin, I have heard that there is a ton of red tape to work through.However, many people don't even try.  

I handwrite all of my letters, in red pen on yellow paper. 

If you have any other options, suggest those that don't squash your score and don't trigger  red flags to credit reporting agencies.....  

Look for Dan's red hair and freckles...

Anyway it is extremely laudable that you took such a bold plunge into real estate investing without the relevant experience, not a major issue though as there are many here that would be willing to guide you. 

BIG RED FLAG!   

But at the same time, next year when I'm doing my taxes and need to claim ownership of a house that I'm getting an income from....and I get red flagged and in trouble...that'd suck.