@Brie Schmidt I really appreciate your input...I've had the same concern over getting into that space.

By replacing UBIT with corporate tax, the rate drop is significant enough that the net after-tax ROI to the IRA may still be favorable relative to other passive opportunities the IRA may have access to.This is not a meaningful strategy for the typical $50-$100K IRA, but for someone with the capital to really do a volume of flip transactions, it can be worth exploring.

They usually are ok with it because they don't have access to my resources.

While there are many nuances associated with this space, I know a tad bit more than enough to be dangerous and I am looking to connect with those who have interest in the space or currently operate within it.Looking forward to talking!

I will continue to work a full time job and have access to another $100k I will keep in the stock market, so there is access to additional capital if absolutely necessary.Any inputs/advice would be greatly appreciated!! 

I have access to about $20K more in savings and family.

Finally, I spent two years almost exclusively working with investors, providing nearly every type of financing.My guess would be this: there is a very definable trade-off between local knowledge and access to properties that "check all of the boxes". 

I have not put any in my units but strongly considering it for a 2 family I have but did add 4 two bedroom apartments to an apartment building recently ( space was commercial) and the hvac contractor installed 3 units per apartment ( 1 in living space and 1 in each bedroom) the construction went through the winter and those units kept the apartments nice and warm.

Side note: I have access to the property to clean up and make repairs.

A friend of mine noted that some do that to actually discourage renters during the renovation process, so they can finish and have access.