I just had these questions running my mind while trying to formulate a good partnership agreement for us, and wanted to try at least hearing from others before I finished!

Tony, we're averaging just over $30k per flip, which is our target when formulating offers.

I think at this moment, I wouldn't even begin to formulate intelligent enough questions to ask a mentor which would obviously be a waste of a mentor's as well as my own time. 

I can tell you that government agencies, regulators certainly don't put such formulations on the internet.

We are currently trying to answer the multitude of questions that seem to be exponentially growing and formulate a Business Plan before we dive into acquiring our first property.  

I will formulate a solution-4-profit and move forward.

I am simply formulating a much simpler and cheaper method to finance an non owner occupied property.  

I'm keeping an open mind on the subject until I talk to a RE attorney and discuss my business goals and formulate the proper strategy and structure with them.

Background about JV:Acquisition Price for Duplex: $ 100,000 with an estimated Rehab Cost: $ 20,000.00.Estimated Rent/Unit/Month: $ 700.00Equity: 20 % and pay for the Rehab ourselves and finance the rest.Goal: Cash flow by renting for the Duplex with Property Management coming from PartnerFYI, My investment is going to be coming from a Self Directed IRA.Question: (a) What do you propose I formulate a partnership that will prevent the SDIRA from being declared as Undeclared Business Income Tax (UBTI) by the IRS?

My bad, I should have formulated more clearly.