Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.  

Not sure if this is the sort of solution you're looking for but it's something that's worked for me.

You could even rent it out to make sure you're not losing while you wait for it to sell2.

Just make sure they meet the criteria.6.

I'm sure I'm no different in some respects than many other newbies, I just want some ideas on the process of creative financing or maybe how to partner with someone else.

And there are still deals here that cashflow and have appreciation potential at affordable price points. 

I want to make sure I do this correctly from a tax standpoint since all I'm making is a flat fee.

I am sure there are exceptions; I have never seen one.  

After that make sure you have your property up to standard before placing a tenant.

It sure seems like if this was a tv show those two had a secret relationship.