It seems like the right path for me at this time. 

make sure your rent and property tax numbers are correct I dislike calculating verifiable numbers as a percentage of rent so just keep that in mind. 

Like you said, you are putting a tax shelter inside a tax shelter.Use your SDIRA for things like notes and private lending, which don’t have a lot of tax benefits.For holding rental properties outside your IRA, you get to enjoy cash flow today, get better financing, and still pay no tax if you are doing your bookkeeping correctly.

The first step is learning to spell business correctly.

@Justin WindhamYou are correct, I can see how it could be an excellent learning experience, (self educating) and the key would be selecting the right provider, one that is communicative and has the time and experience to provide answers when needed.  

Here's the correct link

{child} corporation.This is one area where it pays to consult with an accountant who has cross boarder business/real estate experience before venturing too far down the path.

Account Closed"This is so correct.

I’m looking to get involved in the Chicago market once I get a grip on this whole thing a little closer to me, maybe we’ll cross paths in a few years!

You’re on the right path!