A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

One of the things you'll find out is that your capital will run out quick (especially if you do any other investing on the side 401k, IRA, HSA, 529 etc) - doesn't matter how much you make. 

If I am understanding it correct, I need to set up an account with a custodian such as American IRA, I roll the money from my Roth IRA/IRA into the custodian account which is self directed and then that money can be invested in real estate deals correct?

Check out the book called IRA Solo 401k Income Builder.  

We currently have IRA Services Trust and it's been working on the very passive deals, although I find them slow to respond.

I'd like to invest in an IRA for them and help think about college now while they're small.

@Jarrod JoplinHey,We sold our stocks in our Roth IRA and invested in an apartment complex. 1031 exchange is a term used between real estate deals.

IMO, there are other clear factors for which the PM LLC would benefit me, such as converting the rental income from passive to active and making it eligible for the IRS Foreign Earned Income Exclusion as well as a Solo 401k and SEP IRA, while this would add the self-employment tax, it would drop my taxable income considerably.

Purchase price: $395,000 Cash invested: $150,000 Construction loan funded using my Self Directed IRA...1929 Bungalow/Cottage2/12102 sqftInvestors will be digging out the basement ~2 ft and adding 3 BDR's and another bath.ARV = =$700,000Final product will be a 5/2, fully remodeled from studs along with landscaping!

We also both have IRAs that are technically a retirement vehicle in each of our names, but we are ear marking that money towards our kids college sicne you can pay for college from an IRA without penalty.