No one has a crystal ball to give you a precise prediction of where home prices will be in the future, so this is part of the inherent risk you're taking on.

Ignore those with fancy vehicles as they will charge you to pay for those vehicles!

Such vehicles are purely a means to diversify the investments of the IRA.

For reference we would only have about 25k in debt on one vehicle loan and my husband makes 68k a year.

I am still confused and maybe it is less about the P&L and more about calculating the NOI, or more precise what goes into the expense section.

Some banks do not allow renting and using the second mortgage vehicle.

I'll also see what other kind of payments they have such as vehicles, and take that into consideration as well.In your situation, I'd want to see bank statements to see how much cash they have to cover rent.

Such a plan is purely about: "I can get better ROI for my IRA investing at arm's length in real estate than I can in the stock market".The ROBS plan is not suited for passive holdings for several reasons having do with both with compliance needs of the structure, and that it would the entirely wrong vehicle for such endeavors from a tax perspective. 

Some are renting cheap to save more or pay off debtAll the new impressive toys and sweet vehicles are more important to some.

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