While every IRA must have a custodian creating a special purpose LLC can allow you to bypass the custodian when making investments and performing transactions which can save time and money. 

@Coley JamesYes you would transfer the property via quit claim deed to the llc.

I’m doing this because I want to put the property under my llc and I cant do that with a homestyle or fha loan.

Hi BiggerPockets Community!I'm located in Riverview (Tampa) Florida.  My wife and I bought our first townhome in 2022, have steadily grown, and now have 5 townhomes and 1 single family home.  All are long-term rentals...

As you said you are currently still employed there, so you can't do it right away until you leave employment there.Second, once you've rolled over, you can setup your SDIRA as a regular account (where fund release has to go via your custodian) or setup a LLC checkbook option, where you can write out a check for your choice of investments.Yes you will have full control over the use of funds in your rolled over SDIRA. 

Would this just include all LLCs (since all LLCs are corporations), or do they specify an LLC with specific criteria since by corporation they mean non-LLC corporations?

After the purchase, Thorpe created 3917 Densmore LLC and established Walters, a Northlake employee, as the sole member of the new corporation, claiming that Walters was the homeowner, and that he intended to live in the home.During parts of the investigation Walters and Thorpe shifted responsibility from LLC to LLC and from person to person.

In those, we have an ownership LLC and a manager LLC. 

These are some options that I am considering. 1) Getting an LLC and a Joint Venture agreement to partner with a long time friend of mine but somehow separate our business from our individual marriages?

I’m going to lend  to a few people I know with LLC ‘s  on some mortgages and receive interest , I am not putting myself out to public lending just some commercial loans as LLC single member pass through  , do I have to pay local taxes in Florida , I have no brick and mortar , no employees , just LLC in Florida and live in Texas , there is no work involved I just receive interest .