We had previously set up a 50/50 Joint Venture agreement on a 4-plex.

On the other hand if you plan on more than one joint venture it costs less than 500 to set up an entity and pay for the licensing for a year.  

Note my Lease states that I write a joint check and mail it to the first tenant alphabetically. 

Or, simply team up up with someone in a Joint Venture until you are able to self fund.

This is very easy case for the IRS to declare such joint investment to be a "prohibited transaction".If IRS determines that your IRA engaged in a prohibited transaction the penalties can be up to 100% of the IRA value.

What route do you think makes more sense to bring together private capital for flips?Would a simple JVA would suffice at this early point or SEC regulations would make this more complicated, and expensive?

Some of my research led me to believe that perhaps the joint purchase by a married couple (tax entity A) would disqualify me from the exchange, because the new purchase would be solely in my name (potentially tax entity B).2.

I'd go after the Seller, Broker and Bank jointly and severally.

Does anyone have experience or advice about offering to do a flip as a joint venture with a seller of a SFR?

It's just playing with numbers at this stage) The attached report is based on the 2BR numbers, as posted to MLS.Those of you familiar with Indianapolis, any knee jerk reactions to this?