While most people find they wont generate enough income from this business to qualify to make any type of meaningful contributions, it would allow you to administer your own 401k plan, invest in alternative assets like real estate, and take loans from the plan, etc.If you want to invest in tax liens/deeds, or auction properties, or anything with a time sensitive nature, or fix and flips, rehabs, or anything where you will be making a lot of transactions, you might want to look at a SD IRA LLC option.

Im sensitive. 

I have heard about this several times over the past few years and believe that the SBA was making its case on behalf of small businesses that the IRS or federal government does not have the ability to gain access to accounting systems to due the sensitivity of personal information of the businesses clients, vendors, employees, etc.

The more time-sensitive and transaction intensive an investment is, the less practical this can be.The alternative is to establish a plan that provides you with checkbook control.  

BUT, that also creates a taxation issue and there is some sensitivity there.

Buyers are very sensitive.

The situation that has worked best for me in the past has been low equity, decent houses with homeowners with a sudden, time-sensitive problem.For instance, I had someone call that suddenly faced a job transfer.  

However, I completely understand the sensitivity around it, especially that it's a neighbor.The first thing to note is that some sellers are going to be insulted with a lower offer than they feel, no matter how much you dress it up.

I know where investors need to be looking in times like these but it's still obviously a very sensitive market.

The pro formas are so sensitive to cap rates if the market moves sideways the next five years you are left holding the bag.