I'm trying to dip my feet in the water with these investors and establish some trust while using the funds to renovate my next project.

Hi all, I am just starting to do my research to begin establishing a real estate investing company.

This is the year I decided to establish my real estate portfolio. 

Something doesn't add up...I never let any tenants pay multiple months rent up front until they are well established and demonstrated a pattern of paying each month on time. 

There is definitely a lot to learn!  

But those usually require an established relationship. 

The business is established and is currently doing around 1.8 million in sales per year and is under performing!  

I wouldn't suggest quitting your job right away but when you have an established foundation of rental properties its definitely possible.

I've called my bank and they have no product to help me (and had no knowledge of what an SDIRA LLC is)...and maybe there is no option but thought I would check with others.When establishing a checkbook IRA what do people do for the actual checking account...meaning,If I have 200k that I want access to I understand the steps required to establish this SDIRA but I hate to leave 200k in a checking account and earning nothing or very nearly nothing in investment interest...I will have the 200k sit there until I find the right investment, maybe the investment doesn't use the entire 200k, and/or then there is the money coming back in from rents I don't really want that to sit either.I do realize that I can buy other investments via this account but what is the best way to do so while still remaining liquid so I can pull the trigger on the right opportunity?

But because I took the time to establish that rapport, I'm confident my phone will ring when he's ready to come down a bit.