From a forming standpoint to protect everybody on ownership, risk, and taxation what pointers would you have? 

My natural inclination would be to use commissions to reduce prices and avoid taxation or split 50 50.

In just one opinion:The LLC can serve to absorb the expenses of taxation Taxes, and expenses, of both sales are absorbed by the entity.

Hey experts was hoping to get some clarification:The debt forgiveness act, which forgives up to $2M forgiven debt subject to taxation when the bank issues a 1099 during a short:Is it ONLY for the first $2M of the forgiven debt, -or- is it ONLY for loans that were under $2M on primary residences?

What is really needed is the input of an actually lawyer on this, but I'll take a stab (I'm not a lawyer)An LLC offers the same type of veil status as corporations, with the same taxation as a partnership.

You save on double taxation and the income is not subject to self employment tax.

So long as said doctor is not a lineal relative, that would be a non-issue.The only thing you overlook is that if the IRA has an equity stake in a flipping transaction, that is considered a trade or business activity and comes with exposure to UBTI taxation.   

A C corp is subject to double taxation in the form of the entity paying tax and then you paying tax on income received on earnings.

It will make a difference in your analysis as there are several differences w/r to finance and taxation.

Now this is kept simple for this exercise and I am not going to look at real cash flows or taxation effects.So, you buy for $500,000.00 and get a mortgage for $400,000.00 and spend $30,000.00 on improvements.