Anything that belongs to the IRA should go back to the IRA.If the IRA account-holder takes those funds personally, there is a possibility of adverse tax consequences.   

If you are risk adverse a LLC really can only help you in the end vs hurt you though there are cost associated with setting it up and running it properly. 

You can always start paying taxes and take care of property and try quiet title or adverse possession, but that’s a risky game to play.

I consider myself a risk adverse guy and I am only looking for stable income.

If you are risk adverse real estate, (especially out of state) is not for you.

Can also hint that I might consider adverse possession with the white fence likely being 20+ years old as grounds for him working with me the preferred way.

If you are risk adverse real estate, (especially out of state) is not for you.Good luck to you & feel free to tag me on the forums if you have any additional questions you'd like some insight on.

Since we're on the topic, I would also recommend everyone learn what "adverse action" is and the responsibilities you have as a landlord or property manager, especially if you're in a more litigious state with professional tenants that like to screw over Landlords.

If you are risk adverse real estate, (especially out of state) is not for you.

ie: buy off market - probably via wholesaler or auction  a somewhat more distressed property for cash, hire a contractor to do the rehab, a PM to place a tenant, and then finance 6 months after purchase to get your money out - ie: a BRRRCaveat: not for the faint of heart, the really busy, or the risk adverse.