And I ask this question bc I want to interact and meet with more investors who are in the note space.

http://www.frontierpropertiesusa.com/our-guarantee/ (moderator feel free to remove this link if it is considered spam).Again, I have no affiliation with Mark other than being a former student but I just want to set the record straight and give him props when I think they are deserved.If you want to interact with many of his current and former students, drop by my free "Land Motivation" Facebook group if anyone is interested Hope this helps.

If I did the circumstances would have to be truly extraordinary.  

More importantly, if you work with a quality firm to establish and support the program, you will have access to guidance regarding IRS rules and how they interact with your real estate transactions.  

@Sameet KoppikarWith funds in an IRA, you simply want to evaluate the risk/reward of any particular asset as compared to other assets.Notes are relatively low risk, require little interaction on your part, and produce consistent income.Real estate is more work, and has increased risk such as tenant & contractor interactions.What real estate offers that notes do not are the ability to use leverage such as a mortgage and the potential for appreciation in addition to cash flow.There is no one answer as to which asset class is superior.  

Every other private lender I find seems to be supported by a random website (which are not listed on BP) and just wants me to send them information without any professional interaction.

Being professional in interactions with actual and prospective tenants and caring for maintenance issues are your best protections against a lawsuit.

Also, the brokerage deals with all the accounting and some tenant interaction.

I believe, after several hours of research on the internet, the answer is yes you can use passive loss carryover to offset up to 25K of ordinary income *IF* you make less than 100K (which my wife and myself do as we only have a household income of about 40K per year - mostly from social security).So assuming the above is true I think we can take withdrawals from our IRA's up to the amount where we have an excess of 25K extra ordinary income and than the carry over loss could then be used as a deduction against this income. 

. :) (I'm rarely in the city when I'm not working)Eventually I can see myself scaling out to LTRs and hiring a property manager so I'm no longer putting in the amount of work/oversight that I currently am, but that will only come once I've hit my cash flow goal to replace my income; I enjoy interacting with my guests (most of the time) and it's not too time-consuming.I've taken a different approach than Tim has with my properties - I'm buying smaller ones, with a smaller up-front investment and (moderately) higher COC, but the trade-off is I have multiple properties to manage in order to achieve the cash flow Tim's getting with one.