Originally posted by @Jim K.

My CPA is telling me I should open a new LLC with the investor and then we all file K-1 docs.

First things first - 50 K is good money to do lot of things , These "things" might not be just exactly buying a house , but you should try to know what is the best use for that 50k which will give you a reasonable return /break even / slight loss - but the most important thing is , After that project you should gain some practical knowledge abt investing in US Another important thing that I learnt - never take anything that anyone say here as an absolute thing. we all have our blind spots and biases .

Originally posted by @Susan K.

@Matt K..... what are the guidelines.

@Mike RyWhen establishing a LLC under the umbrella of a parent self-directed IRA LLC or Solo 401(k), there is nothing particularly special about that LLC that is required. 

@Tammy BentleyIf you’re trying to take a distribution and put it back within 60 days similar to the process with an IRA, the rules are different for a  401(k) plan.

Originally posted by @Matt K.

It was crazy to think when comparing the risks, how less risky a duplex was vs the 10 unit (huge old building/a lot of operating expenses)The prior 3 years only grossed $75 k on avg which would mean we would lose in first year if it did those numbers.  

This is in addition to other investment which can run a few K a year as upfront cost to hang a license.