The more complicated your business structure becomes, the more problems it can actually cause such as when looking for lending options, getting the best interest rate, keeping clean accounting, filing taxes, opening bank accounts, getting credit cards, executing a 1031, making title insurance claims or even triggering a due on sale clause, etc. 

For example; young professional may trigger higher demand for smaller units.

Just curious, what made you pull the trigger on the HELOC?

With a land trust, the legal ownership remains with the trust, helping to avoid triggering the DOS clause when transferring beneficial interest rather than title.

It would be tough to make the case that you work more hours than your property manager, which is my best guess (for someone who is not a tax professional) as to what triggered the audit. 

I think the question is whether you want to look like a threat to the police and other trigger happy wannabe vigilantes (yes, could be one of your tenants).

That being said life isn't black and white if its keeping you up at night don't do it but I think you will be surprised at how easy and not scary it is once you pull the trigger.

Depending on the lender, you can/should tell them upfront so they can document the LLC in the file so you are sure not to have a due upon sale clause triggered when/if you do transfer into your LLC. #2.

@Brandon Brock I understand that the price is high, I wish it had been cheaper but I will say that I am glad I signed up for a couple of reasons.1) There are a lot of garbage notes n the internet, having seen some of the offerings that come through Eddies group I have something to compare against.2) I have had a few specific questions and been able to call someone and get a a straight go/no go opinion on a note that has probably saved me more then the price of the class already.3) I could have read books and threads on BP but I think it would have taken me longer to get to the point where I would be comfortable pulling the trigger on actually buying a note.

Know the Rules:No personal use – the property can’t be used by you or family.All expenses/income go through the IRA.Watch for UBIT tax – some income types can trigger it.Tips:Non-Recourse Loans Only: If financing, make sure it’s non-recourse.Diversify: Mix property types, REITs, or loans within your SDIRA.Anyone here investing in real estate through their IRA?