There is no lease in place, not even month-to-month, and there never was, which simplifies the process.

@Ellis San JoseNova Scotia uses judicial foreclosure and though they have a "simplified" path through the courts for most cases, it's still long and arduous.  

Let me try to simplify it for you.

The end goal is to digitize real-estate compliance and simplify RE investment & development. 

It would simplify my life if that were different =)

At a very simplified level, assuming we have to put 20% down for bank financing, that gives us firepower to buy properties between 150k-200k.

(figgering is a rough simplified of actual figures)

Additionally, this structure is not required for RE investing, but it does simplify things as the LLC manager can write checks for expenses incurred by the LLC-owned property, instead of sending invoices directly to the IRA custodian for payment.Be sure you're working with a qualified, regulated IRA custodian that has a specialty in Self-Directed IRAs or alternative assets.

I stumbled upon a strategy that would work for your situation -- a more simplified version of a monetized installment sale.

Does it simplify tax filing instead of having to account for all the separate individual transactions?