While most people find they wont generate enough income from this business to qualify to make any type of meaningful contributions, it would allow you to administer your own 401k plan, invest in alternative assets like real estate, and take loans from the plan, etc.If you want to invest in tax liens/deeds, or auction properties, or anything with a time sensitive nature, or fix and flips, rehabs, or anything where you will be making a lot of transactions, you might want to look at a SD IRA LLC option.

I'm a natural optimistic so I know it's all going to work out great.

The laws of economics are also like natural law.

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On a larger scale, by playing on the sentimental and empathetic nature of an owner, where the land had been owned since the Civil War (zero basis) and desired the use of land to benefit lower income clients, the owner was elderly and knew the use of the farm that was inside the city limits would change, it became a manner of ensuring how the property changed, BTW, this owner kicked in cash for the development as well.

Now if she struggles to do that but keeps the place in good condition, I can afford to lose this $600 as my place is being taken care of and the guaranteed nature of section 8 rent helps me tremendously.   

Thanks Account Closed I am an analyst by nature with a devil's advocate view point.

And seeing that you're a programmer you might like the open source nature of it.

house nearby it is rented to the sister (naturally husband no job ) never had a problem with them so far.

If you are already a business man by nature, sell you self well and know how to do business (buy low sell high), then you may not need it.For me the earlier you start the better.