@Craig CurelopThe qualified first-time home-buyer is up to $10,000.https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distributionsFirst-Time Homebuyer ExpensesDistributions from IRAs to pay for qualified first-time homebuyer expenses may be taken penalty free (IRC Sec. 72(t)(2)(F)).

Thank you for participating!

In the case of farm rental income, you materially participate in the production or in the management of the production of farm commodities on land rented to someone else. https://www.ssa.gov/OP_Home%2Fhandbook/handbook.12...I didn't know the answer myself so I googled it.I don't think it matters one way or another if the properties are owned personally, in a trust, or in an LLC.

You should be very proud.

Depending on your strategy and level of participation (effort) required to operate the "business" relative to your other sources of income, your CPA may also find it defensible to classify your LLC buy-and-hold note income as passive, in which case you would not owe SE tax (truly 100% pass-through).

Keep them happy and make them proud of you.  

You can learn more about the basics of prohibited transactions at the IRS website: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactions.UBIT is a tax that is levied on tax-advantaged accounts when they engage in (1) active business or (2) use leverage to finance deals.

Since you're new to BP, why don't you go through all the podcasts, participate in the forms, join a couple of local REIA groups and network, read real estate related books ?

From the forum that I have used even with a free service it seems really good and they seem to allow a lot of different ideas and it's a great place for real estate investors to participate in a community. 

According to the IRS rules disqualified person is not allowed to provide any services to the IRA, engage in any transaction with the IRA or benefit from the IRA in any way (directly or indirectly):https://www.irs.gov/retirement-plans/plan-particip...Buying a house to live in using IRA funds provides direct benefit to you (disqualified person) therefore this would be a violation or IRS rules.