But, the one factor that is missing from the numbers is the risk involved when using leverage.

Granted there is points,interest,etc involved, but if its at a low enough price where everyone is satisfied would lenders loan cash for short, I guess very short term loans?

My "real" job involves a high chance of litigation sometime in my career and I want to shield my rental properties from this. 

My business partner also seems to be pretty experienced in working with partners, and has walked me through the paperwork that would be involved (such as an MOA).I wanted to reach out to experienced investors in BP for advice on how I can set myself up to enter into this JV.

I’m currently involved with a property in Chicago through EquityBuild and I’m very satisfied with my investment and communications. 

It is not so simple to watch yourself if you're accustomed to writing a check and not looking back.Walter Wofford is a wonderful resource on self-directed IRA investing (I'm a client but have no profit involvement.)  

No worries on the mail setup...you would register your current address with anyone involved--mortgage lender, taxes, house documents, etc.

This would just a contract between you and the seller with no bank involved?

@Matt Fish, I have been involved in a deal that ended up with B2R financing, and the process was pretty smooth, if you ignore some hiccups.

I've been involved in Indianapolis for 6 years now.