Account ClosedYes, 80% of the your IRA's share of the income generated by the LLC would be considered UDFI and therefore taxable.You would then apply a $1000 exemption and 80% of your IRA's fractional share of the normally allowable deductions such as depreciation, interest on the note, etc., to reduce the taxable income.The resulting net taxable income is then run through the trust tax table to determine the tax amount.Generally speaking, while there is the UBIT cost associated with the use of debt-financing in an IRA, the net after-tax return should still be better in a leveraged scenario than an all cash scenario.

LL flooring has a decent product, they call it RVP.I just used their "Rivers Edge Oak" it looks like real hardwood for a fraction of the price and is easy to install.

The cost of starting a site is often minimal, and every dollar of incremental income is a large fraction of your start-up costs.

Even though banks only had a fractional reserve requirement of 10-15% before, lending without requiring any reserve whatsoever is a very scary proposition. 

Recapitalize cashIf you understand fractional lending you will understand why distressed loans impact a banks balance sheet and some instances is better for them to liquidate

it doesn't have to be real estate right this minute, maybe you take part of that $5k saved and start dabbling in stocks you feel good about. buy stocks based on things you and your friends like - Apple, Nike, Starbucks.... im not a huge fan of Robinhood (the platform) but i believe you can buy fractional stocks now as well, so even things like Google or Tesla which are expensive to buy 1 share, you could start with percentages.You are so young, and have so much time on your side.

I have paid the tiniest fraction of money to maintain them, they have provided me tax deferral today, they have grown tax free, and they have compounded absolutely beautifully and it gets better the longer they are invested.

Lol A good property manager can get labor done for a fraction of the price you can...for example, unclogging a shower drain - $200 if you call a plumber / $50 for 2 hours of labor by your property manager.

Basically anywhere in the Midwest is going to be a fraction of the price of most of what you'll find out west so it might be a good idea to at least do the research and consider it.I'm in the same position as you in that I have a full-time job so I'd have to make it a bit more passive but the amount of resources out in Ohio (as you can see by the number of responses from people here in Columbus) would make it very possible.

The right one can replace a local staff member for a fraction of the cost.