Does the following structure trip any issues with self directed IRAs:
There are three entities investing in the operating LLC:
1) a C-corp blocker that has Roth IRA custodian above it. This entity invests 24% of the operating LLC
2) Use personal cash for 25% of the investment. This investment is from the same person who owns the IRA.
3) Non related managing partner contributes 51%

Hence the related parties control 49% of the LLC.