This could also be a vehicle for other investors to take a share of equity.* One party owns the entire property and the other has a long leasehold.

I have 3 vehicles that are all over 10 years old.

Two things, one you give up ALL control in these types of vehicles. 

Now there may become issues now with paying expenses for the investment because now that you own 10% of the property in your personal name, you would be responsible personally for 10% of the expenses of that investment.From my understanding, the need for depreciation is not needed because the IRA is in a tax-sheltered vehicle already, meaning you wouldn't be taxed on the property for selling.

Here's my 5 step plan:1) Review & realign goals - Our RE portfolio is the vehicle for getting us there.

I agree with Nathan,Your insurance would never cover a vehicle parked on a public road.

When I listed concerns of flagrant lease violations, gone unchecked (derelict vehicles, unregistered large breed dogs who are not picked up after, garbage scattered out in the yard, piles of debris; old tires, tv, kitchen sink, broken wheel barrow, all sitting out in plain sight for a month or more), wash machine drain hose running out a window and draining into the lawn.

I have heard people say similar things about the home office deduction, or vehicle expenses - if it's valid, I'll take it every time. 

Indiana is a bit cheaper, so let's say $8M25% downpayment on $8M of real estate is $2M of equity needed to make this happen.All of this to say: real estate is a fantastic vehicle to provide cashflow, but it takes:-a significant amount of properties -a significant amount of equity Both of those also take a significant amount of timeHang in there, you can do this, and wishing you all the best!

I also screen for number of vehicles but that depends alot on your area.