No unfortunately not, if your main source of income is active real estate investing and doing numerous deals per year, then its considered income.

@Damian Williams  I'm also new to the real estate investing world and have found the local REIA (real estate investment association) a good place to begin networking activities (per @Alex Tahnat 's suggestion above).

Wholesaling would be considered trade or business and income from an active business inside of an IRA will be subject to Unrelated Business Income Tax.

We're up to around 7100 single family homes currently active on market..  

That would probably your best bet. 

@Jack B.Three scenarios: 1) If you reinvest- yes it is traced to that activity and deducted2) if you use it for personal use - non-deductible3) if you hold on to it on your LLC account/ books, but dont reinvest - it can be argued that you are holding on to that money for future repairs and stuff and you refinanced/mortgaged because the interest rate was super low compared to what coming in the future.

As a community i bet we would all crowdfund a project with a quick turnaround (3-6 months) in between our deals for a reasonable return (5-10% depending the experience of the developer)2.

My partner, @Brandon Abbott, and I are actively seeking large 100+ multifamily properties in the Raleigh-Durham market.

There are lot's of other Boston BP Members that I'd love to connect with as well, and there is no better way than to get active in the forums.

It depends on if IRS considers you an investor or trader. they look at different factors, I pulled court cases where they looked at these:(1) the taxpayer's investment intent; (2) the nature of the income to be derived from the activity; and (3) the frequency, extent, and regularity of the taxpayer's securities transactions (Kay; Mayer; and Moller)  A taxpayer is a securities trader only when both of the following are true: (1) the taxpayer's trading activity is substantial; and (2) the taxpayer seeks to profit from short-term swings in the daily market movement, rather than to profit from the long-term holding of investments.