Set a specific goal, then work towards it.1.

To go a bit further into what Dmitriy mentioned, since your IRA earns the income the tax treatment is specific to your IRA.

Talk to a few and get details on the specific strategies that could make sense in your situation. 

I feel like it's important to note that there's a section of tax law, Section 280A, that is specifically designed to prevent deducting expenses related to a personal dwelling.BTW, Section 280A is the chunk of tax law that creates the Augusta loophole, sets the rules for home offices, provides the formulas for deduction calculations for vacation properties.A generalization: If someone has a dwelling they use personally and also use for business, Section 280A basically limits the deductions to the actual true income received.P.S.

I'm currently diving into some older BiggerPockets content from around 2015, specifically The Book on Rental Property Investing by Brandon Turner.

Do you have a specific policy on evictions.

Case and point being I cannot even tell you what went wrong because this feedback box cuts me off after a few sentences, have a good da." 

Another route could be private lending, where you provide capital to other investors in exchange for interest returns.Have you considered any of these options, or are you leaning toward a specific strategy?

If yes, then the other partners can just do a JV agreement internally which you can record at closing that allows you to still “partner” up on it but allowing the lender to still be protected if anything goes wrong with the deal or people borrowing. 

Insurance for sure wouldn’t cover you.Just a thought and I could be completely wrong!