The MAJORITY of tax professionals I know far prefer utilizing this to the safe harbor as there are a number of drawbacks associated with it.

@Nathan Mansur, this is clearly a question for your CPA, but you can write off expenses associated with the rental units. 

@George Skidis I saw you were going to speak at the Springfield landlord association meeting a few months ago but ended up not being able to make it.

The FNMA (Federal National Mortgage Association, aka Fannie Mae) only allows up to 10 mortgages.      

Therefore, you will want to confirm that the trust company allows for investing in an LLC and the associated fees and minimum balance that applies to the IRA account.2.

Multifamily carries economies of scale but with site work, stormwater, time frames and other costs associated with larger multifamily its getting more expensive and more difficult to make it work.

In the third, it seems a little more like you are hiding part of the rent associated with property.I like for my properties to look good as I believe it is a big reason I am able to rent out quickly.

I am the president of a home owners association and we are getting hammered with high water bills.

In the event it was needed we’ll probably end up negotiating with the payment company for us to cover any of the charges associated to the resident. 

I told them there is no legal requirement for me to provide the ID and contact information for all of the managing members of the LLC, and their response was basically, "where is your law degree?"