ThisIsLivin Properties for the acquisition and disposition of this property.

A strong operating agreement would cover that regarding disposition and operation of the asset. 

Marketing, acquisitions, manager, dispositions.

It’s called partial disposition with complicated rules.

Hi Sanjoy,If your plan is to hold the property for five years, I would obtain a five year loan so that you don't have to worry about a prepayment penalty.Of course, if that isn't possible, and you know you will have a prepayment penalty, you need to account for that fee in your disposition (i.e. sales) assumptions. 

Please consider:Looking to partner with 2 other individuals (no family connection whatsoever) on an 80 unit multifamily --  party A being my SDIRA LLCEach party will contribute 1/3 of the required funds and have 1/3 ownership---this is not a syndication but a partnershipBalance financed via non-recourse agency debt with one of the other partners being the Sponsor Property would be purchased under a separate LLC with equal ownership My contribution would be made not from me but from my IRA LLC  --  not sure if this would be a loan to the joint ownership LLC or my SDIRA would need to be on titleNormally a deal like this could and in this case would be structured with a couple of additional expense items:An acquisition fee and potentially a disposition fee upon sale say 1.5% to the individual putting the purchase or sale deal togetherAn asset management fee (this is not a property management fee but more of an administration / manage the manager fee)These fees typically go to a designated member and/or the person that puts the deal together (me) but technically I suppose it could go to another 3rd party -- it is not part of the asset value they are expenses So my questions:Can I be the designated person to oversee and collect these fees?

This is a huge deterrent to selling properties because there is usually little cash left to show for it if they don't allow you to take all of the proceeds.I love portfolio lending for growth but not for disposition. 

Did OP make a bonafide disposition of property or did the use change?

Good people with good employment records, good credit, decent vehicles, good disposition, enough money, on time to appointments, ETC  virtually always have good pets (or service animals), and the reverse is true.

My responsibility is to handle the acquisition, rehab, and disposition of the property.