In my opinion, IRA's are better served making loans on RE rather than owning teh RE due to several negatives, of which include, but not limited to, no depreciation deductions inside an IRA, all the handcufss from the IRS restrictions, the managerial aspects (hands on it takes) for the IRA which can get complicated, and the lack of ability to use leverage.If you do self direct, you will want to use an LLC for checkbook control and not a C corp.

And Charles, right again on the teaching aspect.

For the most part though it will be split up based on where the income is sourced.A CPA will be able to help you better with some of the tax planning aspects as long as they are familiar with the various state differences.

We specialize in short sales nationwide, but you will people here in all aspects of Real Estate, so whatever your interest is, there will be discussions and answers.

However, in my mind it questions the moral, ethical, and legal aspects surrounding this scenario.

They area dictates the market.Not only do economic functions set the stage, but social and governmental aspects need to be evaluated too.

If you don't know how something is to be done, it's likely you can't give instruction either.Another aspect is insurance and workmens comp.

Kellie-- Interesting isn't it, how people for one reason or another, kind of bounce from one aspect of real estate to another?

Good luck with it.It just so happens I have the secret to being successful in real estate and it applies to all aspects of the industry....HARD WORK!

Money is nice, but in some respects there are probably easier ways to make a living.For me their have been several aspect of RE that fascinate me.