Because you can only live in one home for a majority of the year, the FHA prohibits a borrower from having more than one loan at a time, with certain exceptions.

Still in the learning process on the IRA stuff but if they had a SDIRA or solok a family member would be prohibited to loan from those accounts.

Prohibited transactions can be created if not managed and reported correctly through the custodian.

@Franky JuwanaFollowing are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business.  

As you are n out of state buyer I encourage to check out:A Simple Guide for Buying Out of State Turnkey Investment PropertySorry forgot to answer, you may not want an LLC for your SDIRA due to lending provision that may prohibit your ability to get financing. 

Thomas, under some circumstanced it might be possible, but because you are considered to be a "Disqualified Person" to your IRA most proposed similar transactions for my clients that I had the opportunity to analyze were prohibited transactions.

If leverage is used and UBIT exceeds the amount of the specific deduction, tax filings will be required.Regardless of the structure, beware of prohibited transactions.

@Jordan MoorheadFollowing are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business. 

Florida statutes prohibit ADVERTISING properties you do not own and the guys using contracts to subvert licensing just got the door closed on them.

If a house costs 20k..... what prohibits me from using that 25k to fund the down payment?