Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The capital gains you would get from selling the property go back into the IRA tax free or tax deferred, depending on if the account was a Traditional or Roth and the only time you would incur taxes is if you took the money out of the qualified retirement account and took it into your personal name as a distribution.I would never own real estate inside of a retirement account.In your situation of transferring a certain percentage of the property itself instead of cash, you would need to pay a bunch of professionals on an annual basisA) $600+ for an appraiserB) $500+ for the title company to transfer ownershipC) $300+ for your accountant to properly adjust your taxable basis for the rental activity reported on your individual tax return.D) You risk your property taxes being reassessedYou also have to properly split each expense Furthermore, since you are not receiving cash, you would need to potentially find alternative methods to find cash to pay your tax liability.Yes, you are correct, depreciation is not needed/used within an IRA.

I bring years of experience in the industry and specialize in helping busy professionals like you access institutional-grade real estate opportunities through our Strategic Real Estate Fund.Let's connect and explore how we can make your investment goals a reality.

Networking with local investors can provide valuable referrals to reputable contractors.

Don't hesitate to seek advice from experienced investors or professionals in the field.

Well rounded, professional, thorough.

Professional Guidance:**Again, I cannot stress enough the importance of seeking guidance from a qualified real estate attorney who is experienced in handling seller financing transactions.

These are professionals with additional training and a stricter code of ethics.

I am happy to introduce you to Snehal and Co as you may want to network with other engineers who are investing out of state. 

Unsuccessful Property Search: Hours spent on unsuccessful property searches, where no purchase is made, do not qualify.On-Call Periods: Instances where you are on-call but do not actively perform work do not count towards material participation.Meeting Requirements:Maintain Detailed Records: Keep accurate time logs and records documenting your involvement in material participation activities, supported by evidence such as emails and calendar appointments.Seek Professional Guidance: Collaborate with a qualified tax professional to ensure compliance with IRS regulations and to optimize your material participation strategy.I hope this high-level overview gives you insight into what activities matter and ones that do not.