Importantly here are some flavors: Effective date.

@Luke FouchSelf-directed retirement plans come in a few flavors. 

I'll bet if I looked at your real estate deals there are many that are "not a path I would have chosen. " it doesn't make your deals bad, or  illegal, just not my flavor.

Before traveling I'll always look to see what's out there that isn't a Marriott and has an individual or local flavor.

Each one has its own flavor and price points.Rather than run them all down, it's easier to discuss your target price point and style. 

The "punk" puts a entirely different flavor to it than just asking if someone feels lucky, like buying a Lotto ticket, do you feel lucky? 

Having said that, syndications come in many flavors -  reading through a few private placement memorandum (PPM) and subscription agreements to get familiar with the lingo will help you get up to speed on what is expected from limited partners.

Thus, if you do this you either hope the bank won't find out, or you don't care because you've got money in the bank with which to cash out the note should the bank call it due.Otherwise, if it is important to you to use LLC, then you must play in the commercial space, where unfortunately ams are shorter, interests are higher, and arm and balloons are the flavor of the day.Which will it be?

So if properties are sub-$200k you might well be able to have 2 VA loans.Otherwise, you refinance either flavor of loan into commercial, which typically requires 20% equity in the property, and then it frees it back up to be used again.

Alex, you'll find there is a different flavor to each different group in MA.