You may lose the benefits of property owned individually, like using building permits or representing yourself in court.See www.GeneralRealEstateAcademy.com for more info on TIC Agreements and fractional interests.

Their rational was that the only person benefiting from a further contribution were the beneficiaries of the IRA and that it should not create a prohibited transaction.

Also, has your Business degree benefited you as an investor?

Though I know he would be a major benefit for me, isn't this something I should have a good head on before jumping into?

Just for followers of this topic, This becomes your employee and has State Labor Board consequences, benefits, SSI and liability issues. 

My wife is a realtor so I have been able to hand off some to her to list on the MLS which is a nice benefit.  

I give the benefit of the doubt assuming they just don't know any better.

The tax benefits of being a business FAR outweigh any such risks, IMO.David J Dachtera"Success is not a destination.

I've heard others form in NV and DE thinking it benefits them... but does not do anything really in the endMike

The security for the loan is either (a) the interest in the trust as a beneficiary or (b) a mortgage/deed of trust on the land held by the trust benefiting son and family.