Due to you investing with your ira you can't purchase the note yourself which is why most investors looking for passive income joint venture with experienced investors. that's what I've done and the returns have been impressive.

The answer is yes and yes - you should be able to do a DIY CSS (using kbkg.com/residential-costsegregator or diycostseg.com) for under $500.You do need to couple your question with the other ones mentioned in replies here - will you benefit from it, will you be able to use all those accelerated deductions?

I have been in a somewhat similar RE venture in Reno, NV where my partner brought the money and I did all of the hands-on work.

True true mate,And then the “after the fact” can you help emails when S#%@ hits the fan due the DIY or BRRRR not working out… Loyalty is a big one for me and over the years I have had many folks junk ship due to a promise of a lower PM rate or whatever.We go out of our way to establish a long term trusting relationship with more than fair industry pricing, offering discounts, etc… and only for many to walk of with the first “blonde” that waves her tail at them… Such is life mate and I still go into every investor relationship with an open heart Keep being great and Happy Sunday 

Joint venture agreement with my LLC and theirs

That rent would have easily covered the cost of hiring professionals, the job would be done better, and you would have saved yourself three years of blood, sweat, and tears to focus on your next investment.There is a time for learning and DIY, but you have to be smart about it.

I had failed at multiple business ventures before. 

In mid-2021, the company joined forces with Cousins Properties and entered into a joint venture partnership to develop Neuhoff, a new mixed-used development.

Alongside my academic pursuits, I also helm a reputable research firm, where we analyze market trends, identify opportunities, and deliver actionable insights to our clients.In line with my passion for real estate and my background in finance, I am actively seeking opportunities to collaborate with like-minded investors on commercial real estate ventures.

Mostly doing DIY value add.