It just depends on what your skills, knowledge, and passions are and the ability to apply these to create and exploit market opportunities, regardless of what that market is.

Check out this post for more info.The IRS always challenges schemes that try to exploit cracks in the tax code to violate its spirit and they have a number judicial premises under which to do so.

If you did not need to invest in RE but you had the opportunity to do it as a diversifier and to exploit other benefits from it and you would want to use your money and your time in an efficient way.I really appreciate your advice. 

@Michelle EdwardsI agree with @George Blower thankfully the lists of self directed IRA holders is confidential, otherwise the account holders would be exploited.

Owner's Attorney also told me that he's getting a similar feeling that the owner is playing games and exploiting the system.  

You mentioned not exploiting some tax advantages you had, what does a CPA cost to the bottom-line compared to the alternative (missing out on deductions)?

Hi Olga,Speak with an Asset Protection Attorney that understands real estate, and then go back to your Tax person and get a cost estimate to handle the accounting for it.Winging it yourself might leave some easily exploitable holes in your protection.Good Luck!

This, according to them and a couple of follow-on posters is unfair because being able to own a house is a 'Right'.Quote - 'Landlords are' "parasitic and exploitive as the government.

Don't get me wrong, I only pay current tax on about 5% of my total RE earnings (7 figure), so I'm all for exploiting sensible tax benefits.

Probably worth your time - you find areas that haven't yet been 'exploited' in today's market.