Talk to a CPA.Yes there are depreciation implications, as you would basically be stepping into the shoes of the previous owner of the LLC.

He basically said it was way more hassle than it was worth because of the extra filings because it makes me an scorp now.

You can even find some basic wills online for pretty inexpensive. 

I understand the general idea of the SDIRA and even the basic regulations Carl has discussed above.

So, after way too much preamble, my question: Is it worth doing a BRRRR deal where, you put down 100% cash (by pulling it out of other properties, assuming I can figure that out) on a house for about $950k, renovate for $250k or so, refinance on a property now worth $1.4M but then basically just are cash flow neutral after?

It basically zeros out the largest expense any household has: housing.

Less money out of pocket = increased return on your money.A simple example illustrating the concept; 300K senior loan.

Now I've seen many contracts which look very basic.

It basically eats your profit and you pay less taxes. 

Basically, I’m concerned that I’m making a bad decision and it’s going to be hard to rent out a townhouse in the price range of 2,800-3K or worst case scenario trying to sell in a couple years since buyer at 500k+ price points are typically more selective/picky.Anyone else own higher priced rentals in Biltmore area or Old town Scottsdale?