As a "retired" public accountant and tax consultant I perform a lot of detailed ROI analysis for my clients. 

@Maria JeanetteTax Advantages: Income and gains grow tax-deferred (or tax-free if using a Roth SDIRA).All Costs Through the IRA: Expenses (repairs, taxes, etc.) must be paid from the IRA, so ensure it’s well-funded.You might also want to consult a CPA or attorney experienced with SDIRAs to ensure compliance with IRS rules and maximize benefits.Best of luck!

I have an appointment with a land attorney late this week and now will be getting a significant legal bill out of all this as it will turn into much more than the cost of a consultation.

That is when I opened a solo401K for which i was eligible by a little consulting work I do on the side.

However, you aren't going to get the best communication at all times and much like most lenders, there won't be a large degree of consultancy on investing.

It’s unlikely to provide the immediate tax write-off you're envisioning.I’d recommend consulting a CPA to clarify your situation, especially if you’re splitting usage between personal and rental.

@Loren SouersI'm going to lead with the suggestion that you consult a tax professional and an attorney.Generally speaking, you can put a rental property in a revocable living trust, which can help with estate planning and asset protection.

How many lawyers did you consult with?  

I am a local RE consultant and investor in Indy. 

They directed me to consult with a CPA or tax planner.