If you decide to take the property out of an IRA at a later time via “in-kind distribution” then it would become your personal property and you are free to do with it anything you wish. 

Or you can learn by reading, listening, watching, and still find that you would be 10x farther along if you had just started by  connecting with the right person from the beginning.Find out what kind of area you are interested in investing in, put the funds together and say here's my skin in the game, then connect on Connected Investors, BP, local facebook pages, local reia meetups, and elsewhere.

What kind of renovations are we talking about?

By no way an impressive resume lol but they have 0 experience & i’m unfamiliar with their market, looking to see if some kind professionals can weigh in with their expertise.

I was kind of nervous about there being tenants already in place but I am glad it worked out like this. 

For sponsors that agree to have this kind of structure will have to get a well qualified CPA to keep track of the investors tax benefits.

When you say you're scouting properties what kind of properties and deals are you looking for?

I always do find it kind of interesting when these celebrities buy multiple homes in the same area.

I wanted to get insight on how to market this home to find and attract the right kind of teant/buyers at this price point.

Like what kind of analysis do you do?