Quote from @Maria Jeanette: I am considering using Equity Trust to set up a self-directed IRA to purchase properties.

There are sophisticated syndication investors contributing on BP, who have set up professional standards of due diligence and investment criteria.  

But I honestly don't know much about it or have any trusts set up myself personally, nor am I any kind of lawyer obviously.

If I can get 2 different renters in before Jan 1 2025-is still possible by obviously getting a cost seg.Also, would all of the house hunting, going out to see properties, research (calling city for license/map searching) and buying the furnishings count toward the 1 of 7 qualifications IRS demands in addition to the 2 Airbnb bookings-preparing home, cleaning, set up etc?

Hey @Mike Sather you will get differing setups from folks.For us, we provide smart TV's (Roku) and internet and no satellite TV (no cable where we are at).

This class will include hands-on deal analysis and a tour with a contractor to learn how to convert a home to the optimal PadSplit setup.

I am in Madison, but set up a search in Sheboygan and Port Washington as we have some family in that area who thought could keep an eye on things and the entry prices are less (in Dane County the median MLS 4-unit sale this year is $603k with 31 sales and for Sheboygan Co. this year only saw 4 sales of 4-units noted, but a median price of $252k . 

And a revocable trust which again no annual cost just initial set up.

I have investors that I set up loans with private money that only use this method because of the speed.

Escrow Account Setup 9.