However, it only protects you from one type of liability: accidents.After that you want to compartmentalize your assets, which is often accomplished through the use of LLCs or corporations.

You don't have to be a realtor to accomplish this unless your goals are broader than you have highlighted. 

Disqualified parties include:Account holderSpouse if marriedLineal antecedents; parents, grandparents, etc.Lineal descendants; children, grandchildren, etc.The spouse of a descendantAn entity such as a business or trust where one or more of the above have control via equity or directors roleA self-directed IRA or 401(k) cannot be used to do something that "you" want or need to accomplish. 

However, it only protects you from one type of liability: accidents.After that you want to compartmentalize your assets, which is often accomplished through the use of LLCs or corporations.

What are you trying to accomplish?

@Fredie RobinsonWow, great accomplishments! 

@Kyle Hlavac Welcome to the best resource and community to accomplish your REI goals!

What do you want to accomplish through it?

Option 1 you laid out seems to be the most feasible path to accomplishing my goals.

That's a major accomplishment.