The alternative is to set up a self-directed IRA, or better, a truly self-directed Solo 401k plan, invest in alternative assets, and then do the conversion.

I will deffinitely work on getting an LLC set up. 

I prefer small Strip malls or self storage.I need advice on how to find the deals, how to get lending on them and then how to set up the structure.I have flexibility to fly out next month is there are peers who can meet and help me out in their local markets.thanks,Paul 

Is it a typical inn/bed and breakfast setup with all the rooms inside of a main house? 

I’m based in Colorado and have been investing here since early 2021, focusing on strategies like house hacking, rent-by-the-room setups, and flips.

Yes the biggest issue was they grew way too fast and he set up an entire servicing company to handle all of their deals.

If you know a cash flow market well, you are set up to succeed there in both ways.

Pretty sure it works in reverse also - set up a Michigan LLC for the property above and you'll have to register it in your state of residency. 

Do you have your contractors set up? 

I even had preventative maintenance set up, but the root growth rate was unpredictable.