The capital gains you would get from selling the property go back into the IRA tax free or tax deferred, depending on if the account was a Traditional or Roth and the only time you would incur taxes is if you took the money out of the qualified retirement account and took it into your personal name as a distribution.I would never own real estate inside of a retirement account.In your situation of transferring a certain percentage of the property itself instead of cash, you would need to pay a bunch of professionals on an annual basisA) $600+ for an appraiserB) $500+ for the title company to transfer ownershipC) $300+ for your accountant to properly adjust your taxable basis for the rental activity reported on your individual tax return.D) You risk your property taxes being reassessedYou also have to properly split each expense Furthermore, since you are not receiving cash, you would need to potentially find alternative methods to find cash to pay your tax liability.Yes, you are correct, depreciation is not needed/used within an IRA.

Initially he started doing is own bookkeeping and after his 2nd deal he said " If you can help us everyday, I will take your challenge to cover your fees and you and your firm can be our CFO"Challenge - Buy 5 properties and sell or rent at least 4 in the first month.

They have a different cost basis.

,When you 1031, you carry your adjusted tax basis from the old into the new. 

One thing that stands out is the issue of hitting the preferred return on a periodic basis.

Transfer it to your LLC, and whatever the just value of the property (usually about 20% below retail) becomes your new tax basis... so maybe $210,000 on the example above.  

Is the cash flow truly negative right now on a monthly basis?

Our research says that we should be able to rent on a STR basis for about $350-450 per night. 

So it may make sense to just put it all into one hard money loan.The other thing to consider is if you have to pay a 3% fee to use your card, like with a lot of wholesale suppliers, and your rehab only takes 3 months, you are effectively paying 12% on an annualized basis for that money, which ends up being more expensive than a hard money loan.

The fact that paid information has a higher success rate than free information does not form a basis to say that paid information is better or more effective than free information.