According to Internal Revenue Code 4975 some disqualified persons are: the IRA owner (you), parents and their spouses if remarried, grandparents and their spouses if remarried, children and their spouses, grandchildren and their spouses, designated beneficiaries of the IRA, and fiduciaries such as your CPA, financial planner, IRA custodian, etc.

Do what you need to “live on” personally  -then add the other real estate to IRAs, ESAs, HSAs and 401ks. just think about it, brainstorm with a cpa or tax planner or tax attorney—it will become clear. 

In the neighboring town of Norfolk the city planner says they will not allow a “short term” permit for any condos or apartments, not to mention the amount of parking spots required per room.

Just like arguing with planners or city council about how your project they just conditioned the S@#$ out of now wont make you any money.. 

I agree 110% about not having a financial planner giving asset protection advice

I can tell you from experience that very few financial or retirement planners understand how real estate actually works in your financial plan.I've spoke with Jeff myself on many occasions and have found him to have a solid understanding of what makes for a good investment, good tax strategies working with real estate and how to take advantage of real estate in your retirement plan.

Your question would be extremely difficult to address with knowing your entire financial picture, especially your future plans.You should really ask this question to a financial planner or CPA.

I am a Space Planner for two properties of a Pharma corporation. 

I use my daily planner to track my daily/weekly goals.

If you do not already have a website and email addresses with the website domain name as part of the address, you might want to consider this prior to approaching investors and financial planners.