Buy it right, improve it, and sell as soon as I was clear of the capital gains tax at 2 years. 

Distributions from the SD401k are subject to the same restrictions and taxation as a standard 401k.... 

I live in NYS which does not benefit me as far as taxation goes.

Taxation is such a broad field; as there is individual taxation, partnership taxation, corporate taxation, trust taxation etc.

I’m going back to school for my masters in taxation.

You should focus on finding an accountant that specializes in real estate taxation.

However, a look at their website seems to indicate that they are a small tax prep firm that focuses on taxation for real estate investors.The good thing about living in Florida is that the state does not have a state income tax.

"There's a 10 percent penalty on the withdrawal, and you are going to pay ordinary income tax at that time as well," says Clint Gossage, a certified financial planner and certified public accountant for CMG Financial Consulting in Scottsdale, Arizona.

My goals are to have limited liability and avoid double taxation as I also earn salary on a w2.All suggestions and info on pros/cons are welcome and I am happy to answer any questions you may have.Thanks,Vidit

Most investors in the $100K - $300K range - which is most IRA investors - will see a nominal impact through taxation on UDFI.