The tax treatment in such cases may vary depending on specific circumstances.

What I decided to do was work in what I was interested in and it led me to be an experienced real estate agent specializing in wholesaling off market properties in PA region specifically Philadelphia and surrounding areas such as Montgo, Delco etc.

There are often local Facebook groups for specific strategies 

Quote from @Christian Styles: Potentially able to help you find someone but I would need to know specifically where the property is in order to know who to recommend.  

As others have suggested, you can actually buy property with a specific IRA account.

I find that putting a utility cap in the lease agreement they sign and calling their attention to it really helps make them more aware that they'll have to pay for excess usage so, fortunately, I haven't had to actually bill anyone yet, but the language is there if I needed to. 

Many of my investors who buy in Austin are specifically from the Bay Area.

AND just because you have experience and a “good deal” doesn’t mean you will be successful trying to syndicate the deal.The first criteria is does the sponsor have the general knowledge and experience in real estate, and the specific knowledge and experience in the property type/location to give the project the best shot at success?  

This is not specific tax advice.  

OTM = General, overhead/widescreen view of nationwide market tends.BPRE = Detailed ways specific people are making money in real estate.