Washing of vehicles is prohibited.

I think both are valid ways to create Cash Flow/Dividends it just depends on what do you want to use as your vehicle.

He does great work, but he doesn’t have a vehicle at the moment so we’ve been scheduling all of our repairs in one or two days and driving him.

I have around 5.5 years of credit history and have had three vehicle loans all eventually paid off as well as credit cards and personal loans.

I decided in October to use this vehicle to meet my goals, hit the ground running and closed on this in December.

Especially if you were a newish investor who’s had 2 previous SFH deals and is looking for a third investment property / vehicle (I.e, REIT, find)?

yes, once I find a reasonable company, I will be switching over all my properties and vehicles.

The vast majority of my transactional experience is in commercial real estate, and owning property in entities is standard practice in CRE but it should also be noted the properties are encumbered by commercial loans which are designed to accommodate entity ownership.The research I've done by speaking with lenders and reading first hand accounts of using entities in residential real estate tells me there appears to be a barrier if the loans are not portfolio loans and even then I'm told lenders who use an underwriting framework that mimics Freddie/Fannie will not allow ownership in an entity.Someone else posted about using a trust vehicle to limit your liability, and I too think this might partially serve your purpose.

Plus how much is a standard day rate amount for a reasonable size sedan vehicle to add to a Airbnb rental? 

If you wish to create a special-purpose, IRA-Owned LLC then your IRA can use this vehicle.