.      :-)My real estate is all debt-free.

I would not touch any recourse debt that is less than 7 years.

Questions for you self directed IRA Gurus:Can I buy a property as the following:50% my own cash (under an LLC)50% of my self directed IRAs LLCIs this legal?

I am unsure of the possible complications that may arise from the legal conversion process from Rectory to SFR (or even ideally MFR!)

So if you have not done the proper disclosures and then bring your client, you might get into legal trouble and potentially getting sued by the seller for undisclosed agency. 

While still being in debt owing money on the first building?

We are researching this item.3.He stated that he was prepared to take whatever legal impacts this might cause him in order to take care of his family.I politely ended the conversation with a few statements about how I was going to have a weed company come out and spray the lawn, and left.I thoroughly reviewed the lease again.

If the PM doesn't have the security deposit it becomes difficult for them to legally fulfill their obligations.

If nothing can be done legally, then I will live up to my word. 

In order to keep your investment intent intact you would want to treat it as arms length and legal as possible.