Quote from @La Toya Flowers Butler: I'm a newbie to real estate investing, looking to learn, cultivate business relationships, and invest!  

I have a W-2 job primary and my business partner has another business.

Great way to build a business and a rolodex of listings/sellers.

.✅ Creates a Scalable Business – You can’t grow if you’re the bottleneck.

I used the proceeds to start my business.

I work a W-2 day job and have my own electrical business.

Also, it can avoid filing an amendment.Another great point on eligibility- SEP IRAs require net self-employment income from activities like 1099 contract work, real estate sales, wholesaling, or other self-employment business income.Passive income as you have highlighted, does not qualify. 

So thats the reality from my point of view I made a business out of this for many years and my dad made a business out of this in the 70s through the 80s so lots of experience at it. 

@Kenneth Joseph Perfido If you’ve moved to a new state and plan to conduct business there, you generally have two options: register your existing LLC as a foreign LLC in the new state or form a new LLC in the new state.

As a licensed contractor, I’ve seen how navigating these details can make or break a project.