Without the custodial requirement, you won't need the additional expense and administration of an LLC to get checkbook control.

This is for the tax-shielding purposes.I would try not to do less than $50k, only because normal custodial fees can wipe out anywhere from 0.5-1% of your return.

I'm wondering if anyone is aware of service providers, and also, how this would work:We have our eyes on some auction properties (IE: county auction) - we have funds within a self directed IRA custodial account, and we also have funds outside of this available for these purchases. 

I would have paid that out in custodial fees with no access to the funds and I wouldn't have been able to add my sweat equity.

Compared to an IRA, Solo 401k contribution limits are much higher and there is no custodial requirement as you can be your own trustee.

Areas of practice will include criminal law, real estate, wills and probate, powers of attorney, landlord-tenant, immigration, child custody and support, divorce, business, debt collection and more.

Full release:https://www.sec.gov/news/testimony/testimony-clayton-2019-12-10Other reporting on the topic:https://debanked.com/2019/10/is-the-definition-of-accredited-investor-ripe-for-change/https://www.thinkadvisor.com/2019/11/21/accredited-investor-definition-custody-rule-on-secs-2020-reg-agenda/https://www.thinkadvisor.com/2019/12/12/sec-to-take-up-accredited-investor-definition-changes-on-dec-18/I think this is big news, along with all the other things the SEC is doing.

Progress report: new custodial account was opened Tuesday.

For clarification, that $1,100 / mo is just going right back into the custodial account, currently into cash. 

My name is Kyle and this is what my current venture into my own bigger pockets looks like so farShort synopsis, Single, 50% custody, [100%]father.