If a trust is designated as manager and/or managing-member of the LLC, we look to the trustee(s) and where they physically perform the majority of their management duties as it relates to the LLC.I have only skimmed the article by Scott Smith, and based on that skim what I'm stating does not conflict with his article. 

Not a coastal city, but SoCal nonetheless.Another SFR bought in '09 for $365k has more than doubled.On the other hand, my CPA sold and moved to Pennsylvania for a couple years.  

The past few week's we've seen overwhelming demand for residential coastal cash flow properties of all valuations with multiple over asking offers.

Dylan the bay area and Socal property appreciation of the 90's created the Turn Key industry of the 2000's Investors have not been able to buy using the 1% rule or any of the other rules that are discussed here since the early 80's and maybe even the 70's..

You get a home, a tenant(s) and some of the monthly mortgage gets taken care of by your tenant. 

It attracted vacationers looking for that sun, sand, and surf experience.

And I have bought probably double the amount of houses you have bought this year Frank and I live in Nevada.. and I am just one guy I am not a market maker in any way.. just another investor who plays in that sand box. 

I have been reading through the forums about self directed IRAs (SD IRAs) and SDIRA LLCs. Can anyone recommend good books/reference materials to learn more about how they work in detail and the rules and regulations? ...

From a safety standpoint, it only becomes an issue if you have chipped/peeling paint or are sanding walls. 

Quote from @Brad Sand: I'm not a stock guy, so can't offer much insight there, but I don't you see you taking leverage into account.You mentioned you put 5% down, since you couldn't afford to pay $145k cash.