I would settle on the business terms first, then engage an attorney to help you decide the best legal structure.

Moreover, If someone does engage in prohibited transactions, how would the IRS ever find out?

@Jamael Chappelle I don't have the contract you are looking for, but do you have your own real estate attorney that you could engage to assist you with this?

The 2nd lender knows I am engaging other lenders and it doesn't bother him but he is likely confident that he may get the business due to his close relationship with my agent.

Then you get a foreign trust account with a bridge trust and when the trigger is engaged by a pre-established threat then the domestic trust moves all assets into the Cook island trust which does not recognize US courts or judgments.

Lastly I've tried engaging multiple Attorneys to try and help me figure out here what is going on.

I feel confident in most aspects of deal-analysis, except for understanding repair costs, especially when looking at online pictures from afar, so this is the area I'm feeling a bit stuck before truly engaging in any kind of offer-making.Thank you to any experienced long-distance BRRRR investors that are willing to share some wisdom with a newbie like myself!

A friend of mine recommended this site after we had a discussion about how ripe the local market is and I've been hooked on the podcasts in recent weeks and am soon to be equally engaged on the forums, as well as, reading the blog posts. 

If you can come to terms with a Seller, you definitely want to engage either a title company and/or a real estate lawyer to ensure the transaction is executed correctly, the deed, deed of trust and promissory note are all drawn up correctly and filed so that both parties are protected

@Andrew Fredrickson, Quick question for you...when you say "Engage more on the BP forums," as a newer and inexperienced investor, I have a hard time feeling like I can contribute much to a post, and I don't always want to pose questions.