Am I too late to game if I’d like to be retired by 55?

They have more skin in the game then you do.Make sure you get clear title.

I'll slip the surly bonds on traditional investing, dance on the silvered wing of infinite CoC return, and touch the face of no money, no skills, and three hours of work per year real estate investing. 

Definitely don't start the LLC...it's way too early in the game.

@Mark C.You could process an in-kind conversion of the properties held in the traditional IRA to a Roth IRA.

Ill make this as short as possible.....I have an elder family member who does not want to own a house, she wants to rent from my wife and I as we are trying to grow our portfolio.I currently do not have enough $$ to just go out and do traditional financing to place her.However, she was recently approved for an FHA loan.

@Alexis Monroe I think it’s best to do it the traditional way which is a quiet title action.

To make matters worse, a friend of mine likes to annoy me with bird puns all day, but I soon realized that toucan play that game.

With what you've said you might just do a more traditional BRRRR and rent to Section 8 as necessary.

I am new to the real estate game and this community, and frankly, about 3 months late with this post.