You can't have employees.Also as a general rule, placing a tax-advantaged investment into a tax advantage account nullifies the whole idea of tax-advantage - thus, IMO, purchasing and holding real estate in your SDIRA is not the best use of the IRA money.

Looking for reason this (2nd position) is not a good idea.

If you stick with the prison idea, specialize in Female prisoners and Federal prisoners. 

I recommend connecting with an investor-friendly lender that can give you an idea of what you will be able to afford based on your DTI, credit score, and current income & assets.

With housing prices skyrocketing, the increasing cost of raw components and lumber, and labor shortages, the idea of owning a piece of income property is just not in the cards anymore for many individuals.

I've been trying to get a hold of this information myself.

We've decided to hold off for now until it's clearer what the economy looks like later this year. 

Without that you can be sued personally for any issue within it on your str.Its much harder for people to pierce the corporate vail and sue you personally if your property is owned and managed in a LLC .Financing is one of the only drawbacks as it is a commercial process and banks usually like to see 3 years of a decent tax return.We have 19 properties and all are in an LLC and in fact we only hold 2-4 properties in each LLC (all are owned by one parent company and done in one flow through parent company)to even further shield the liability that may/can occur on a property.There is no doubt you are exposed to higher risk on many fronts if an investment property is held personally.

HELOC: they are out there, but you typically have to hold title in your name and not under an entity. 70% LTV is usually the cap, and rates are double digits (mid teens).

After you do this a few times, you really start to get general ideas of how much certain projects will cost.