You will pay interest on the amount owed, property taxes on the office building, insurance to insure the building against loss, the salary of a building manager and other employees, etc.

(The Commission will reevaluate or add certifications, designations or credentials in the future);-include as accredited investors, with respect to investments in a private fund, natural persons who are “knowledgeable employees” of the fund;-clarify that limited liability companies with $5 million in assets may be accredited investors and add SEC- and state-registered investment advisers, exempt reporting advisers and rural business investment companies (RBICs);-add a new category for any entity, including Indian tribes, governmental bodies, funds, and entities organized under the laws of foreign countries;-add “family offices” with at least $5 million in assets under management and their “family clients,” as each term is defined under the Investment Advisers Act; and-add the term “spousal equivalent” to the accredited investor definition, so that spousal equivalents may pool their finances for the purpose of qualifying as accredited investors.Does not really change much IMHO.

However, the market has undoubtedly been propped up by stimulus and companies have been holding off on permanently laying off employees.

For example, tech employees and Cal students could decide to leave Berkeley and never come back.

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

@Beth Wheeler - You may want to check the Fair Credit Reporting Act, check with your credit vendor and your attorney because sharing a credit report with someone that is not an employee of your company may create a lot of liability for you.

I will still will have some money left over in my Roth and my IRA as well as my employee sponsored plan.

Thanks, @Dave Foster! 

Ghost Employees - During construction/renovation ghost employees can be claimed by the general contractors ("GC").

@Dave Foster thanks for your thoughts, Dave.