Does anyone have this arrangement set up or had in the past that can give me advice as to whether this is a "safe" method for utilizing IRA funds?

I am not sure I get your question, but here goes my answer:You have structured a set rate of return (annually) which is good, similar to a regular loan secured by a deed of trust against the property.

I am thinking of partnering with private lenders in the Atlanta area.I was wondering what is the best structure for the partnership.Createing a limited partnership or a LLC????

I've got live camera feeds on some things we've built in other areas - i wonder if this could somehow be a feasible method of long distance construction management.

Does the damaged structure actually bring the value down?

This example is not a good investment IMO because it does not provide good rental income nor does it provide very good prospects of above averager appreciation given the price structure I see.

The method I used was to look at sales in the past 0-6 months, a radius of 2.5 miles (big house, with big lots), and average the price per sq. ft.

Using this method how would I contact these investors or landlords?

I suggest you structure it as a rent amount and an option under two seperate agreements.

I believe fairness in structuring these deals is very important so as not to be preditory by the seller.