I am looking for someone in Minnesota I can meet in person who is an expert on self-directed IRA's. 

Thanks in advance for answering this for me:If we take money from our IRA or SEP to fund an investment property, what kind of tax implications would that have? 

i wanted to open a checkbook IRA with the LLC in Wyoming, how do I go about doing that?

I know it is kind of confusing, but it will look something like this:Wife sells to LLC------------------> Partnership LLCWife receives SOME cash to balance out the 'equity' shares.Partnership LLC is composed of the following, all equal partners:AG SD Roth CashAG CashPartner 1 CashPartner 2 CashWife ~ Equity shareWould this be considered a 'prohibited' transaction for my SD-IRA?

@Vivian Cullen The owner of a self-directed IRA may not personally guarantee any loans taken by the IRA.

After doing rental research today and crunching some numbers, and I think I'd run out of money too soon, even with my IRA and social security. 

I'll have to learn more about self directed IRAs.

Could I use my parents Roth IRA and give them 12% interest only with and refi/ pay them back through conventional bank financing around 6-12 months later?

Planning on this house being our homestead (buying with cash, some borrowed from our Roth IRA's) and using the equity to buy rentals.

I have a unique situation (I didnt realize it could be a situation until today) (disclaimer for any responders) - I'm asking this question with the understanding anyone that responds is not providing legal advice and they will be held harmless, seek my own professional advice etc)Sept 30 2016 I had a check issued from my present 401k administrator (the company that administers the plan where I work) and made it payable to a Self Directed IRA account I set up ("John Smith" Company Rollover IRA FBO Shane H)Time goes by I did not deposit the check into the SDIRA I had set up and just never followed through with the deposit.