That entity being invested in would have the necessary state footprint.When using an IRA LLC to directly engage in what a state would construe a business activity such as direct ownership of an income producing property, then yes, the LLC would need to either be domiciled in that state or registered as a foreign entity to do business in the state. 

Hi Ronald, it is still active and listed with Salmon River Realty for $25k

I would recommend reviewing the guide to determine if your LLC has any activity that would cause it to be subject to the TN business tax.

I’m not sure what rate you used to calculate your future payment but I’d stress test your deal by looking at some scenarios involving higher debt service costs.

He'll be relieved of mgt headaches while alive, but know to who and how much his heirs will inherit at the stepped up basis.

Hello.I have a duplex where I live on one side, and rent the other side on short term rental (considered as an active business for the IRS). 

@Joel SchanbacherThis appears to be a tricky question because this doesn't happen to often.I would do the following if I was working on it.I would report one activity on Schedule E for the property that you have listed.Report the income/expense items ONLY when the property was listed as a rental property.In regards to depreciation - I would list the asset during the year that it was a rental property and then I would "retire it".

Good evening everyone, I own a new brokerage in Boston MA  and have been trying to expand my rental team (huge business in rentals around here) more actively in the past few months.

You need to evaluate your strengths - and your weaknesses.I can't stress the above point enough. 

First of all, it is Hemp, (not Cannabis), Hemp does not have the psycho-active ingredients that get you 'high'.