Also, if either of us wanted to transfer full ownership to one of us later on, will that result in a taxable transaction?

(Disclaimer:  for those of us who have no sense of humor, this was an attempt at humor and no way should be construed as being in any way discriminatory.)According to the article:"It doesn’t apply to sex offenders or people who have a criminal conviction that, after an “individualized assessment,” shows that denial based on the conviction “is necessary to protect against a demonstrable risk to personal safety and/or property of others affected by the transaction.”You'll have to obey your local laws, and do an 'individualized assessment'. 

BP has a spreadsheet or two I believe that will help you out.Might be hard to project IRR for a start-up to do an apples to apples comparison....Also don't forget the transaction costs to dispose of the property in your calc (selling costs). 

That said, Advanta does have a good reputation and track record - just an angle to look into that someone new to the concept would not even think to consider.As an IRA provider, they would be OK for relatively static investments that do not involve a lot of transactions. 

Purchase transactions only - no cash out & no rate and term refinances allowedIncome limits apply ONLY in certain locations.

@Alexander Felice I always advise that you should never have a delayed financing transaction as an investor. 

They all kind of serve the same purpose - they show all the fees and costs with the transaction. 

He has the property listed with a bad broker who hasn't done anything right by him, so I'd assume he can just delist the property, and sell the company instead, and could also save himself from paying 6% to someone who has done nothing but keep lowering the price for him in the year he has been trying to sell it.Would this mean there is no county-recorded sales transaction, since the entity which owns the property would remain XYZ?

On the plus side, you see more deals by default and you  also learn the transaction process first hand.

@Michael A PiersonThe first thing is always to learn about how to use a SDIRA, the rules and regulations, and prohibited transactions.