I am claiming that revenue as taxable income and am wondering if I am able to also claim a percentage of all of the expenses tied to the property?

I'd imagine this would be cheaper than a lending club.com loan or HML.... but both are surely options!

If you are wanting it for asset protection reasons an umbrella insurance policy would likely be much better and cheaper.  

@Gina CresseThere are two banks that will lend on a non-recourse basis to IRA's in all 50 states.First Western Federal Savings in South Dakotawww.myiralender.comNorth American Savings Bank in Missouriwww.iralending.comWhen you use debt financing with your IRA, the gains from the financed investment are taxable to the IRA as Unrelated Debt Financed Income (UDFI).  

Keep in mind cheaper isnt always better.  

Once people get priced out of that area they start to look for cheaper places nearby.

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Yet the HOA and the 7 years of increasing home prices makes me wonder if should use the money to diversify or maybe just buy another property, a cheaper property in a non HOA neighborhood.

Through the wall is cheaper but an eye sore (for the neighborhood) and pain when looking for replacements.

Can be a % or 2 cheaper as the owner usually shows their own property.