The prohibited transaction would take place if you use LLC funds for your own personal benefits as IRA or engage in a transaction between IRA LLC and disqualified person, as the IRS rules explain:https://www.irs.gov/retirement-plans/plan-particip...For this reason it is very important that as the account owner you understand and follow IRS rules, regardless if you using IRA LLC or custodial self-directed IRA.

I work for a very large company and am trying to convince folks that we should engage in this type of program, both as a way of finding new talent and also as a way to help our communities youth thrive.I'll send you a connection request. 

I'm also considering getting my RE license, primarily so I can have more flexibility in when/where to look at a property, and to more quickly be able to engage with the seller's agent.

read, learn, ask, engage and comment.Set keywords alert and rest will come :))Good Luck!!!

Hearing how to structure things financially, how they achieved financed, chose and engage with a PM, etc. is different than actually doing it.

I engaged my law firm because the agent was rogue and I needed help.

Don't bother, the more we engage these folks the more SEO value their posts and names are gaining.

@Devin Mann, that's really something for you to decide how you want to engage these partners.

Take THOSE funds out, season them in a personal savings account - I'm thinking 90 days, minimum, but possibly longer - THEN see what you can do with those funds.In the meantime - while the money is "seasoning" - learn how to attract and engage private lenders.

You might consider attending a meeting of the Central Arkansas Real Estate Investors Association to see whether you might still be able to find ways to earn money in real estate without violating criminal prohibitions against engaging in unlicensed real estate activity.Best of luck in your new adventures.