Most likely your conclusion is correct, but the only way to confirm it is by having a real estate accountant review your tax situation.Also, please read this introduction if you want to better understand the concept:https://www.biggerpockets.com/forums/51/topics/1075919-five-...

5% human error rate is only possible for unmarried pros  ;)Feel like this is the store I am walking into reading this post 

If you want, PM me and I will send it to you formatted to make it easier to read.

(Google UBIT or read Tom Wheelwright's book Tax-Free Wealth)Investing actively in real estate through an SDIRA voilates the self-dealing rule for IRAs.  

I was just reading Mark's book "The Tax & Legal Playbook" this morning and it specifically had a "critical warning" (page 31&32 in Chapter 3).

If you read this and have any questions or advise, please commentThanksSergio Vasquez

@January Johnson - I like what I'm reading!

I was strongly considering joining before I read this, now I am going to go the hard route, but probably best to just stay active on here and go the extra effort to network with accomplished developers in my area.

Don't just read the lease!

I have NOT placed much research into it but from what I have read their fee structure is expensive.