@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.

If they are cash I tell them to consult their CPA as it is usually a matter of their taxes. 

I think the issue is going to be more on BP side of how do you collect and monitor this, and is it really worth it, or do you just ban someone for a month for first offense, 3 months for second and lifetime for 3rd...

A CPA told me they charge 65$ per 15 minutes per consultation which I thought was ridiculous but I don't know the current rate in the area. 

Obviously, the rules will differ from state to state.The most successful buyers have trusted bidders with cashier’s checks in multiple denominations (for cash sales) and the actual buyers have field runners and people to monitor multiple prospective properties at a given time and check sales status for postponements due to BK, etc.This is the case in larger metro markets where many properties could go to sale but few do so.There are often better ways to acquire properties then auctions.

Wayne Brooks, thank you , but I should of consulted before I sent her a lot of my documents.

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.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

I understand I need to consult my lender for an official answer.