IF you were 'just the lender' and not a 'partner' with your SDIRA, it would simplify things as there would be no UBIT tax due and no partnership or LLC structure needed, I *think*.The down side is you can just 'share the profit' that way.

A lot of investor buyers I work with can't get over that negative cash flow and simplifying things this way makes them realize the pictures is much bigger. 

I still find it a better place to write my ad, then I cross-post to CL like you do with Postlets.Padmapper also incorporates an online application that simplifies that whole process.Also, if you like Postlets, you should check out Vflyer, which can be used for cars and other things besides real estate.

I look at a lot of houses and this tool has completely simplified my ability to keep track of photos and information on each house.

We require a transparent simplified tax system and representatives who are responsive to the people not special interests to contain cost

I assume, since the OP never got back on his attorney status, he is not an attorney, even with a good understanding of contract law, you should be able to address this simplified appraoch to fund partnerships as a business.

It is done in large part to simplify the recordkeeping, and distance the true owner from the tenants.)

For learning purposes, let me simplify the OP to make sure I understand.House worth $200,000Two (or Three) loans against the house1st for $55,000Second for $200,000ishIf someone were able to purchase the first and become the note holder, they could foreclose if payments aren't made.

Last week, we introduced the ability for users to post on the BiggerPockets Blog using their BP accounts, simplifying the comment process.Today, I'm excited to reveal the new look BiggerPockets Blog . . .If you haven't already, check it out . . . we've got a cleaner, more modern template, and the homepage is now organized by post-type.At the top you'll find our most recent posts, and as you scroll down the page, you'll find posts by the major categories available.

For the busy high earning professional, I think it’s a good way to start as it streamlines the process and simplifies it.