The key is to make sure you add "and/or assigns" after your name on your offer letter, and make sure that there is language in your P&S to allow you the right to assign your contract into an LLC or other entity before closing. 3) Should we even create the entity before purchasing, or do we purchase the property ourselves and transfer something (title, idk) into the entity?

It is a 4-plex, well priced with some rehab needed.Our current place does not allow subletting so we would not be able to rent our current place out even on airBNB.Would it be possible to use an FHA loan and consider 1 unit of the 4-Plex our “first home” and actually leave it vacant but furnished, and then airBNB to get some income from it until the end of our current lease when we would be able to move in fully?

Any recommendations on a reputable realtor in Miami who is familiar with condo associations that will allow short term rentals in a good investment area ?

If yes then speak with your new bank and see if your debt to income plus the condo debt plus money saved for a DP will allow you to get into a 2 or 3 fam.

You are never allowed to be involved in the management of the property.

While you are allowed to buy investment property pretty much anywhere in the world - it has to be investment only, you personally would not be able to use it. 

It seems that all zoning and setback rules will allow this.  

Who would be allowed to claim the rental income?

This allows the client to directly administer actual investments made with the plan, rather than rely on the custodian to do the processing.This Checkbook IRA LLC structure does provide an advantage to investors who will have multiple transactions or investment types that generate a lot of transactions or are time-sensitive in nature. 

It also allows us to include our regular customers in the conversation of our next chapter in life, one in which we may remain in contact with them and offer service in a different industry.