With respect to paying for expenses in connection with real estate owned by the IRA, not only do these expenses need to be paid with funds from the self-directed IRA,  existing assets that you personally own or through your business or a business of a disqualified party cannot be sold to the IRA to improve the property.

I don't see any reason why you should keep a losing asset. ... maybe you like losing money :)

If that can be proven, instead of them being able to go after the assets that specific LLC owns, they can try to go after personal assets. 

I bet they are in it 50k on legal fees now its highly complicated Old railroad right away that was bought by the state and now its a state asset were they are making it a bike and walking path and the state it turns out cannot be sued for an easement of necessity.. its quite complicated really at the end of the day its a 500k chunk of dirt they either get me my right of way or cut me a check,Now that I am doing business in your fare state and in Charleston SC that has old old parcels and deeds that go back pre civil war..

I have assets of my own, but what I lack is capital to purchase that first property.

I am also looking to obtain bank financing on the rental properties which will be held under the business name and not under my name personally if that influences any opinions.Thanks for the help!

@Waylen Herdman What is your concern with obtaining a mortgage?

It was based on true asset protection both from inside the entity and from outside the entity.

If I were to obtain a contract I could wholesale or fix and flip. 

It's too small of a loan for the amount of overhead required to close the deal, especially to then stretch on the asset value.