Mostly office, some special purpose and one retail.

I now don't have any on purpose. 

That's why I was thinking of using a self directed IRA for the purpose. 

The main issue is finding real deals. 

The main unit (we planned on occupying) is a 3/2 and is the perfect size for our little family. 

You do not need to rezone anything nor you need a company (unless if you want to or if that benefits you for tax purposes).You may need to have business income receipt tax account with the city of philadelphia.

The Fund has been organized to invest indirectly in multifamily housing properties through the acquisition of interests in special purpose LLCs and other holding vehicles.Would this qualify for a 1031 Exchange?

My main advice is to not use something like legalzoom. 

Mortgage Insurance Premium 586.33 Mortgage 3281 Total Monthly Expenses 5,075.33 Cash-on-Cash Return 26.73744578 Based on the above analysis, here are the key takeaways – 1)The property cash flows - $924/month2)Cash on cash return is 26% which is pretty good in LA I reckon. 3)The main thing I would like to note is the solid Cap Rate of 8.2Scenario 2: The actual scenario with only one rental income since we moved into the front house.

The main issues I have is that I am not familiar with the area nor its real estate market.