He is a second degree black belt in the art of Tang Soo Do, and has realized through martial arts that a person’s character is attributed to perseverance and integrity.

Similar rents & many of the attributes that Wicker has but more affordable buildings.

Being conservative is NOT necessarily a bad attribute.  

As a note investor understanding the process is a key attribute and one of the reasons why I am pursuing it.

After that, when you do sell, the portion of your capital gain attributed to your period of rental use will be taxable, while the rest of your capital gain can be excluded subject to the $250K/$500K limitations.  

All you said were monthly payments attributed to each contract, and referred to them as "lease payments". 

But the LLC is buying  so gain should be attributed to you in the partnership return.

I would attribute success in closing this deal on a few different factors: 1.

I should get more specific on the actual attributes for the rental property because I definitely am not going to buy just any rental property that may not be a good investment just so I can check the box for my goal.Thank you @Joe Villeneuve! 

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.