@Jillian JohnsonFollowing is some information regarding the self-directed IRA LLC.The Checkbook IRA Do’sDo open the checkbook IRA bank account in the name of the LLC, not in your personal name.Do use the LLC employer identification number (EIN) when opening the checkbook IRA bank account.Do title checkbook IRA investments in the name of the LLC, not your personal name.Do pay investment expenses associated with the checkbook IRA assets (e.g. for a real-estate property, this entails paying property taxes, property insurance and repair costs) using checkbook IRA funds not personal funds.Do deposit investment gains into the checkbook IRA bank account.Do manage the checkbook IRA but do not receive compensation for doing so.Do make IRA annual contributions to the self-directed IRA first not the checkbook IRA.The Don’tsDo not use the checkbook IRA funds for your personal use.Do not use the checkbook IRA assets (e.g., for a rental property, do not live or vacation in the property).Do not perform repairs on real-estate property owned by the checkbook IRA as you are a disqualified party.Do not deposit personal funds into the checkbook IRA bank account.Court cases that support the Checkbook IRA arrangement Swanson v.

Taxable capital gain will be calculated from the adjusted tax cost and the sale price.  

You can use fancy words such as 'using leverage to enhance returns' etc. all day long, but the fact remains: if as a client I loose 50% of my premiums to commissions and fees I don't care what kind of leverage I gain as a result, it would practically be impossible to recover my losses. 

Grandmother is eligible for a Principal Residence exemption of 250k from capital gains as she has lived in the home continuously for 30+ years. 

I am a brand new investor who is looking to gain more knowledge and experience.

I love the research that is involved in finding houses, the excitement of looking, and knowledge gained thru every experience.I want to have the building blocks so I can set my children up for success.

If you're looking for buy and hold, becoming an agent and gaining access to MLS and your own deals may be very beneficial.

If you live in part of it for two out the previous 5 year period  you will be able to take out the gain from the allocation of the portion you lived in (up to 250K if single or 500K if married) tax free!.  

It looks like it is someone else's turn to gain economic advantage.I sort of get the tiny home movement, but what I don't get is why people would want them given they are generally more expensive than HUD Code homes by the time everything is done.I actually have looked into the containers for several purposes and they always seemed to end up more money than the alternatives.

Welcome Jacob  this is a great place to gain info.