So if I setup an LLC, setup a self directed 401k, transfer money from traditional IRA into the 401k, use that to take out a 401k loan of $50k, how does that work with crossing streams and tax conflicts? 

Long term I want to fit a security system to the property, however in the short term I would like to add fake cameras and signs around the property as a deterrent until I have sourced a permanent solution.

Should I just forget the LLC altogether and "sell" the property to my daughter, so she might be able to take advantage of any future capital gains taxes? 

Oklahoma may require you to file a state tax return regardless of your income level.

If he is working full time on real estate you’ll qualify as real estate professional for tax purposes.

Your refi options depend a lot on how you filed your taxes the last three years.

I am in the process of filing taxes.

There has been no tax benefits per se.  

On your cash flow are you subtracting out what you pay yourself/benefits for you, taxes?   

Password Sheet - I create a password sheet for each entityApartments.com - For rent collection and screening tenantsZDeposit - To escrow security deposits.