Being that we're in WA you'll want to look at excise exemptions if you go that route.For your partnership question: I've seen money partners get a certain percentage on the equity side (whatever is negotiated) plus a guaranteed rate of return for their invested capital.

Here are some additional benefits it has over SD IRA:Great tax-shelter: contribution limits nearly 10 times higher than an IRA (up to $60K/yr)Exempt from UBIT on leveraged real estateGreater protection from creditors Ability to invest tax-free using Roth (post-tax) component Lower cost since there are no custodian, asset-based or transaction feesand more!!

For instance, if an investor has non-retirement funds to invest as well as self-directed IRA or 401k funds to invest and likes direct ownership of real estate as well as funding loans, they might choose to invest into real estate notes with the tax exempt structure and invest into actual real estate outside of the tax-favored vehicle.

One of them is out job and their child (with pics) had a medical issue and undergone surgery so I was bound to be more understanding .  

Recently hadm.y mind blown by Rich Dad Poor Dad.My family and I have been slowly climbing out of debt, mostly due to medical bills from my Crohn's Disease.

@Carlos Rodrigues If you paid cash I would look into the delayed financing exemption.  

But tipping tenants either die in place, or rush off to the hospital and then to extended medical rehab, or are compulsive hoarders who decide to simply up and flee their previous life.Landlords just look at all the junk left behind and smell all the stink of years and say, "I can't do this.

Most likely your father would not owe any gift tax, assuming he hasn't used his lifetime exemption (indexed for inflation, currently around 5.5 million).

My son has special medical needs, and as he grows he will need a specialized van to go on longer trips. 

Account Closed if the sponsor is using The Reg D rule 506 b exemption they can accept Sophisticated investors.