To add another twist to this, it seems that Real Estate Licensees get special consideration as rental activities including acquisition, sale, and management of those rental properties may be considered NON PASSIVE (active) due to the professional occupation. -- I am a real estate broker.

Imagine with these NON PRIME LOANS you can get a loan with as low as 500 FICO SCORE. 

Unless you are just looking to buy a solid performing note and collect on cashflow, you may want to consider doing a JV with an experienced non performing note investor to educate yourself along the way. 

If using a lender this is a non issue.

AND THEN COMPARE THAT TO A TRADITIONAL REALTOR SALE.I confronted them on a public post of Opendoor on Facebook, you can see for yourself how it went below(after my question about them charging 19% they stopped responding): HERE IS THE ORIGINAL POST

Have you spoken with a lawyer on the process of creating the GK and how to wrap investment property with a Non-PR? 

Nathan, Those all are amazing ideas on how to get access to deals before they hit the public, definitely going to find a well seasoned realtor who is investor friendly and start being active in finding deals.David, Thank you for reminding me that investing is gonna take some patience and that I need to make the deal work for me.

IRS does not allow any transaction between IRA and disqualified person, all transactions must be “arms length”.If you decide to use leverage in your IRA the loan must be non-recourse, you are not allowed to use conventional financing because it requires personal guarantee.

Once you have an address of a property that appears to be in distress, you can go to the county assessor to find the owner (even online in some counties) for free (if you don't value your time), or you can use a paid service that will give you all the details right on your phone while you are standing out front, owner or non-owner occupied, value, comps, equity, vacant, even their phone number.

If he refuses to sell without being allowed to stay on as manager, then it seems like a non-starter.