Instead of paying a rent, i invest in a Roth ira to maximise contribution each year (5500$).I live in california, 30 mins away from Los Angeles and rents and housing prices are too expensive, and out of reach.

Get a self directed ROTH IRA or SOLO 401K and buy investment property in it.

Therefore, the IRA is subject to UDFI (Unrelated Debt-Financed Income) and the IRA will owe tax at a somewhat hefty rate.  

Should I roll them into an ira?

I need to set up a special purpose LLC in order for me to have checkbook access to my IRA.

Our intention is to purchase the property using funds from us, family & friends, self-directed IRA(s), and financing.Does anyone have any recommendations on a CPA/Tax Adviser who may be interested in supporting this venture? 

Reinvest on more RE or other markets like stocks or a Self Directed IRA?

@Scott Walther - We just put my IRA into a self-directed account with Quest IRA services.  

You would need to be self-employed with no full time employees in order to establish such a plan.You would need to terminate employment with your current employer in order to be able to roll those funds to an IRA or 401k of your choosing, unless you are already over age 59 1/2, in which case you will have that flexibility to move funds while still employed.Solo 401k plans are offered via brokerages and in a self-directed format.  

We’ll also assume that you want to generate income from this property that you can use as you choose (as opposed to inside an IRA).So how can you come up with $32,850 to buy your first multi-unit?