These are tax-deferred vehicles, however UBIT would apply on leveraged portion of a property in an IRA (again, 401k would be exempt).Passive income inside of either IRA or 401k would be sheltered from taxes, business income inside of both IRA and 401k would be subject to UBIT. 

I also list any vehicles with their  plate numbers  that they intend to park on the property.

Remember, you have in your hand an investment vehicle worth 5-6 figures, maybe more.

I have gained inspiration from @Karen Rittenhouse from my area who realized around my age she had to find the right vehicle to become retirement ready.

Long story short, I put one of my vehicles up as collateral, $10,000 @ 2.4%.  

Instead, they should be doing their due diligence before putting any capital into a project (whether an individual property they acquire themselves or into a passive vehicle such as a syndication). 

The bottom line is that this vehicle can be very helpful tool in your overall wealth building strategy. 

Really excited to get into REI, however the one question we can't seem to answer for ourselves is this..Do we pay off current debt first (credit card, vehicles, student loan etc) or do we keep paying our bills and save the extra money we have for a down payment and pay off debt with our generated passive income?

You are not in such bad shape if a balcony rail breaks and your tenant dies hitting the concrete sidewalk, but if you are hit with some sort of sexual lawsuit, retaliation,  harassment, or discrimination then you are getting sued, personally, not your insurance company and you have to pay the attorney fees from your pocket to defend yourself unless you have inclusions in your policy for those types of lawsuits.

I’ll be in the deal around 100k so I need to figure out the likelihood of getting a zone change before I’m stuck with a lot that all I can do is park a few vehicles on or potentially use for a solar field.