It is somewhat more complicated (not much though) especially if you are using leverage.I prefer to use my SDIRA for lending or holding notes which are much safer from a liability perspective and do not enjoy the tax benefits that owning real estate does.

I know some friends who'd enjoy that sort of investment...especially with the 'cash flow' you mentioned!

There is an ~80 acre tract that is FSBO that I would like to be able to buy to enjoy as a getaway with my family, for camping or hunting, or possibly someday put a cabin or house on.

I'm purchasing and developing a piece of land with residence outside of Portland (in WA)-Cash purchase-Current LLC. in CA-2018 capital gains offset neededWe're (Wife and I) purchasing a SFD, remodeling and living there if we enjoy the area; flipping it if we don't enjoy the climate.Per the 2018 capital gains sold to purchase the property, we need write offs, being a cash purchase we don't have the mortgage interest write offs that would help, (granted we're saving that interest over the 30 cost of the loan which is fortunate so we can't complain).

@Sam Craven I really enjoyed the podcast!

My primary goals is to create some passive income through rental properties, either single or multi family homes, to start building wealth to secure my financial future and stop working full time to have more time to pursue my passions and enjoy life with family and friends. 

Welcome to BP @Maria Luna, from TacomaExactly what I was about to say @Jennifer Brown As far as learning I would definitely check out the BP Ultimate Beginners Guide and I also enjoy the podcasts while commuting.

You only need to put 3.5% down, so cashwise it won't get in the way of other real estate goals you may have.My first deal was a 4-unit up I bought with FHA 3.5% in Santa Clarita.I lived for free (as opposed to paying rent) + enjoyed cash flow + built equity.

General college advice: Make sure your major is something you enjoy.

@Jose Matuk No problem, glad you're enjoying it.