Good afternoon BP friends,I'm looking at setting up an SDIRA for the specific purpose of buying a single property - an undeveloped lot - and I'm trying to determine if it makes any sense to use an LLC and/or have "checkbook" control for this particular SDIRA.My initial thought is that since this SDIRA would be to buy a single piece of undeveloped land and then hold that property as an investment for the next several years, that the additional complexity and expense of an LLC and checkbook control would be unnecessary.

You only need one document to answer your 99k to know if it's upside down or not, but based on your responses, it's not worth telling.

@Mike Cumbie @Joe Splitrock @Michael Noto  Thanks everyone for your response.  

Maybe handwrite a few and track your response rate on the different methods. 

You will not be able to move those if you and/or your wife currently work for those employers.With a self-directed IRA, a strategy of combining funds belonging to you and your wife, for the purpose of flipping is very complex.  

I am sure you will get a lot of responses to this questionIf I can help you in any way in my local South Bend market please let me know.

Many investors are using the same mailers so you'll likely get a bump in response rate by separating yourself.

Thank you for the response Austin; appreciated advice.

Make sure you vet your tenants extensively and that they make at least 3x your rent per month( I use 4x) and make it absolutely clear in your lease that they are responsible for these bills and that noncompliance  is grounds for eviction.

In addition, you will need to collect sales tax/occupancy tax, if you do not and get caught, you'll be responsible for the tax.