With the Checkbook IRA LLC, the IRA itself is at the back end and simply owns an IRA for which you can have signing authority and operate out of a bank account of your choosing.Again, if the IRA will have equity in the flip, then the IRA is engaging in a trade or business activity as opposed to passive investments such as hard money lending or rental income.  

The fact that you took action is a great thingYou have to decide what you want to do.  

As an extreme action, I told him I would let him out of his lease if he felt this was unlivable for him.

I am currently starting up a business in the fitness niche and trade currencies full time on the Forex market.

I've been reading BiggerPockets for a little while now, and I want to start taking action.

Such an actionable book.  

It'll also largely depend on who is doing the trading in the transaction.  

It sounds like you are an action person so take action, BUT make sure you do your Due Diligence on the property.

Learn as much as you can about marketing, take action and you'll do great. 

If you’re interested, as @Steve Wynne mentioned, I cohost a networking meeting for the local BP community, just set up a keyword alert for Meetups in Tacoma or send me a PM and I let you know about the next one.Hope to see you around the forums and around the Sound.Taking consistent Action,Kevin