this question isn't so much about if this is a good deal or not, but more a question of when and how do you decide de to expand your portfolio. 

It seems pretty easy, and I don't want to throw money away.Do I actually need a custodian to adopt the LLC into the IRA, or is this another form I could potentially complete and file on my own behalf, since I will be my own de-facto custodian?

I have recently established De Cocky Capital in Swaziland and raising capital seems to be a major challenge.

@Eleena de Lisser Thanks!  

Whereas Delaware, Nevada and a few other States do not charge Income Tax.

Therefore, I am willing to make this first purchase as a means to learn about the process.The states I have narrowed it down to are Colorado, Texas, Tennessee, Delaware, and New Hampshire.

Hi @Lori Allred, if you’re an accredited investor there is an investment product called a DST (Delaware Statutory Trust) that might be beneficial for you to learn about if you decide to perform a 1031 exchange. 

I re-used the hardware after scrubbing it with de-greaser. 

@Derrick Gray @Zach De Bernardi I agree with Zach on this one.

Consequently, you can check up on your properties more frequently that I do so that can help (a little) to de-risk absentee ownership.