Hi Jonathan,I set up my SDIRA years ago for the purpose of purchasing notes and have since used it for lending and doing land trust investments.

Legal entities are set up for this purpose.  

In your club you set up single-use partnerships to bundle small unaccredited investor dollars into various syndications.

@Tar-U-Way BrightYou can use the LLC to set up business bank accounts and business credit cards.

However, nearing retirement, with our past experience in mind, we decided to try it again, this time just rehabbing one house to flip.So, I set up a self-directed IRA so we could use the retirement money we had left after the recession, and bought a foreclosure house that needed a lot work.

We have it set up where they can upload their proof on a regular basis right in their online tenant portal.

Best way to do this, you want it to be a surprise so you see how they really live, is to setup a Zoom call with them at home to go over some "questions".

While I have a general understanding of what it takes to set up a fund, I’d love to tap into the collective wisdom here.

Is it a normal practice to have a deal set up where you find a new place for the seller to move to?

I would say high-quality bedding, cozy outdoor spaces with firepits or seating, and thoughtful touches like local coffee bar setups.