Portfolio = Income derived from financial instruments like dividends (including REITs), interest, royalties, and capital gains.Mostly income w/out loss potential, and favorable tax rates.Cap losses may offset cap gains w up to $3,000 loss.

Obviously you cannot take a commission because there would be a self benefit derived.

I'm not interested in milking it, want it to grow, so I ask.Is there a separation between an SD IRA real estate investment and the business income I might derive by providing normal and customary business services to the SD IRA?

If you NEED it, make absolutely sure you derive maximum value from it.

Any real estate ventures would be things I consider fun where I can participate in some fashion without doing the bulk of the work and I would derive some autonomy, mastery, and purpose goals from.  

Experience derived from extensive dealings with people for 40 years professionally and in the capacity as a landlord.

In year one you put aside 56k for the four town homes and in year two you bought the office building all from the income you derived as an independent insurance broker?

For example: Derivative lawsuits are often decided in the jurisdiction where the LLC was formed.

Originally posted by Dave T:I hope your CPA told you that there is no tax benefit to be derived from having your rental property owned by your LLC.If the LLC is elected to be taxed as an entity that would provide tax benefit in Adam's specific situation, then there IS a tax benefit to holding in the LLC...

Most do not even know what it costs to replace a hot water heater on a weekend.So your rule is a way too aggressive derivative of the 1% rule.