You also grow your equity through debt pay down each month.

The very concept of a tax inside of an IRA scares a lot of folks off from even thoroughly researching the concept... which is their loss.When an IRA uses debt-financing, the percentage of the income that is derived directly from the IRA capital is fully sheltered. 

My plan is to supplement that with a business focused in helping local people in California get access to the great rental market in Baltimore, either through direct ownership or debt.

The right to sell houses for other people is the main benefit.

Mainly just family and work friends.

but I will take a guess at what your askingif the developer is going to bust this into lots and you stay in you just lost your tax advantages and will be deemed a dealer at the highest tax rates.sell now no risk.. and best tax treatment you could 1031.if its one property and your saying should I partner and they are going to build an apartment on it and we will keep it.. that's different.. but you lose control because your now going to put a massive amount of debt on it.. all though in your area not too risky given market conditions.. and really depends on your developer  known, reputable and stable ?

Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

Main interest is in cash flow properties in stable areas.Look forward to talking with some of you!

I believe tax debt has to be below 50k to get approved for a loan.

If anyone has any advice for me of the main parts I should study I would greatly appreciate it!