@Michael MozieFlipping houses is considered a business and if done on a frequent basis would not be 100% sheltered under the umbrella of a self-directed retirement plan.Such plans are fully tax sheltered when receiving passive income, which includes interest, dividends, royalties, and rent from real property.When a tax-exempt entity is engaging in a trade or business on a regular or repeated basis, then a tax known as UBIT (Unrelated Business Income Tax) applies to the gains.  

Especially with being a Realtor, you might want to do some research before you engage in this type of transaction. 

You should really consult an attorney and CPA in FL and CA to get the entirety of information one would need when engaging in such an endeavor.  

Just engaged and learn, this is a great place.

Passive income includes interest, dividends, royalties and rent from real property, or the sale of an asset that has been held to provide passive income.Flipping houses within a tax-sheltered entity is not entirely tax-sheltered, however, if such activity is engaged in on a regular or repeated basis.  

I have a prior engagement the night of the 28th.

Mention the name of your target city in your posts, and everybody who has that city as a search term will poke their head into the discussion, and possibly engage.

Recently, I got engaged, and that's probably what has really motivated me to get more serious with REI (weddings are EXPENSIVE!)

We also engaged our CPA to finalize the capital contribution and distribution language.

Amazing advice across all fronts @Curt Smith @Jay Hinrichs @Scott Meyers @Robert Seed.Thank you for engaging with valued advice.