So, if she bought the bitcoin for $1 million and is now using it to close on a $10 million property, that is a $9 million gain that needs to be accounted for in her income tax.

It might be overpriced or might be correctly priced but is not generally desirable because of the work involved. 

I am also a huge fan of real estate and for the past 50 years there's been a way to combine both.By leveraging a Self-Directed IRA, real estate investors enjoy both the traditional advantages of property ownership and the additional tax benefits of retirement accounts, creating a powerful wealth-building strategy.

Then you need to bid fair market value, not appropriate the bid to take into account the STR revenue but more so LTR.

We both knew we were aligned in our goals and had a clear understanding of our respective roles in the deal from the outset.If seller financing is part of the equation, look for someone who’s not only experienced with creative financing but also understands how to manage the potential risks involved.

If you have equity and decent credit, a conventional Fannie Mae HomeStyle (or the Freddie Mac version) would likely be the better option instead of an FHA 203k loan (which will require a 3rd party HUD consultant to oversee the deal in addition to having the contractor involved). 

Yes, but your "highest and best use" is being an accountant to your clients, not handling the minutia of your RE portfolio!

You’ll need to treat it like a business—handling tenant management, accounting, legal compliance, property maintenance, and more.That said, when done correctly, it’s a powerful tool for building wealth!

Some costs are eliminated (such as 'soft charges') while others are accounted for in the interest rate. 

@Jim Stanley Keep in mind any expenses of your SDIRA asset must be paid for by the account that owns that asset.