@Kevin D HooksThis is an absolute, 100% no-go.Your father is a disqualified party to your IRA.The IRS rules prohibit any direct or indirect transactions or provision of benefit - in either direction - between a plan and a disqualified party.Your IRA coming into this transaction saves your father's interest in the deal. 

Here was the response I got from the assistant director-"Currently, there is no legislation that allows Airbnb’s to operate in the City of Atlanta.

Then 3 to 4 people on the team would split the 50k.The split is generally based on experience level and tenure so Senior Director, Director, Junior Director,etc.Senior member out of 50k might get 25k, Director 17k, Junior 8k.So as an example with my 15 years in the business I own my company so the 100k would all go to me as no teams or split because I am the brokerage.So that Senior director has to do 4 deals to equal what I make, the director has to do about 6 deals to my 1, junior has to do about 12 deals to my 1.

I work in a telecom startup as a director of product.

Greetings,My name is Grant—I'm a Software Engineer, Programming Director, and Startup Advisor based in NYC.

Account ClosedSeconding the concept of "just don't go there".IRS rules are strict about avoiding any direct or indirect transactions of provision of benefit between and IRA and a disqualified party, in either direction.You and any LLC you own are disqualified to your IRA.The IRA may not lend to you or any entity owned by you or a disqualified party.The penalties for engaging an a prohibited transaction are severe, and not worth messing with. 

They might even call it "self-directed" which means that you can direct or pick the investments but only within their boundaries of investment options. 

@Greg WrightHaving a property owned partially by your IRA and partially by a LLC you own personally is a whole set of problems on its own and not something generally recommended.Even if that were the case, no, you could not do what you propose.There may be no direct or indirect benefit between an IRA and a disqualified party, in either direction. 

Here is his deal breakdown:Purchase Price: $230,000Down Payment 5%: $11,500Mortgage Payment: $1,608Rent: $1000, $800, $600 (Will be occupying the $600 unit)Cash Flow: $192Richard, our transaction coordinator, and my brother, Nick, our director of operations, partnered up and purchased a five-bedroom, three bath house in Tucson 7 months ago.

@Ken NeusaengerYour strategy has several issues with respect to IRS guidelines.In exchange for tax-sheltered status in an IRA, the IRS rules prohibit any direct or indirect benefit, in either direction, between you and the IRA.Simply from the starting point of you buying a parcel personally and having the IRA buy the rest, you have introduced risk.Any services associated with the property must be performed by an unrelated 3rd party.