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.

What you can do is live there, pay your rent, and expect your rights as a tenant to be respected. 

Firstly, you can create issues surrounding self-dealing violations through the provision of services if you do the work yourself and pay for state fees personally.The LLC itself needs to be specially formed with respect to tax ID and operating agreement to be suitable for use by the IRA and acceptable to the IRA custodian as an investment.Most importantly, firms that specialize in these structures provide guidance with respect to your usage of the IRA owned LLC and proper operation within the IRS guidelines. 

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.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

@ Christopher WasowiczWell said, I totally get and respect that, I am really passionate about REI so far and I will be around BP don't be shy, and give me shout.

How will you play with bank money , fixer-upper, cash flow , equity value transformation and market environment to snowball the profit ?

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.

I respect your example @Nick Rutkowski. 

They separate the "really bad screens" from the "less bad screens" and make money doing it.And the really bad screens also are housed elsewhere between jail sentences--some call them War Zones or F areas, (and there are people in here that make money housing them in those areas also).So it's probably not a housing issue in the areas we see this happening, as much as it's the local government not wanting a particular segment of their population to move away to (Suitable Housing) in another area--where they will lose Federal Financial Income for themselves and those who "Contribute to their campaigns" (and give them other perks in life to do their bidding).Areas like this typically have homeless populations (who actually need housing), but the local governments seem to do very little to house these people in a decent respectable manner, instead choosing to keep their own pockets (and those of certain of their contributors (and benefactors) lined with Federal Government cash for so-called servicing these people with tax payer provided services and etc...Just my 2 cents...Good Luck!

We would like to seal off some doors and potentially open up/move some walls.With respect to the plaster would you:1).