The marketing and list creation stuff is great if you're targeting distressed properties. 

Great description of SBA Loans Darryl, don't foreget to mention the 504 underwriting requirements tied to job creation or maintaining jobs at different loan amounts.

and talk about some of the different submarkets here that work, what numbers you target in your property and your perspective on the different ends of the spectrum of rental properties (buying low for high cash flow, buying high for wealth creation via higher appreciation, but consequently lesser cashflow) etc.

If you are owner of multiple entities directly or indirectly (including the method that you suggest), employees of all entities have to be considered for the purposes of having a 401K plan.Bypassing employees through the creation of conduits is subject to penalties and fines.

Your strategy is flawed with respect to value creation.  

My understanding was that the creation of the two condo units is an event seen by the IRS as being done for a "resale" purpose (not for hold investing purposes) which makes it ineligible for the 1031, and that the actual sale of the units was a second event from the perspective of the IRS, only occurring after the "resale" event which triggers my tax liability.

A tear down would be the creation of inventory and that would cause you a problem with the 1031.  

I buy a domain name and load it with Wordpress, which is free site creation software.

My startup costs included ~$1250 for the creation of the LLC and Operating Agreement (special for an LLC holding IRA funds).

If you can get a 4 unit and a basement, that would be ideal and create major cash flow and equity creation, plus you can not worry about a property manager and boost your yield.Please do keep in mind that although cash on cash returns may be paltry as a relative percentage, absolute dollars may be comparable.