That makes your self-directed IRA investment passive (as it must be, under IRS regulations) but also lets your LLC handle the management expenses and receive a management fee to augment cash flows.  

I am under impression that we do not have the same laws and regulations as in the United States.

The other part of wholesaling that is a possible red flag is Equity Stripping, AKA Illegal Flipping, this was heavily regulated till a few years ago by lenders, especially M.I. companies, they have relaxed the rules, but was a problem pre and post crash. seeing the increase in this activity seems eerily familiar,  like 2007 all over again. just be careful especially with your license, Disclose Early, Often, and in Writing, My license is too valuable to me to be involved in this type of transaction, so i steer clear. if my entity is on the contract, I am the one closing. period. 

BE ADVISED:  States have different regulations on this, but you become an employer and must meet all State Employment regs,  withholding, workman's comp. 

If you intend to buy and hold study, know and fully understand all state landlord/tenant regulations before you buy your first property.Other than that my best advice is you need money to make money.

NY lets us do it but states like TX has stricter regulations on it. 

Too many regulations that affect owner occupied residential property.

Before you invest take the time to learn your state landlord tenant regulations.

Cook county has some funny regulations and I want to be in my right to get him out.

You won't lose anyone as there is nowhere else to go and proceeds will be to run the Park properly.The only kicker is to confirm that there are no state regulations that would prevent such a raise.