I live in Florida and would like to participate in his flip operations as a co-investor on a deal by deal basis.3.

Wayne Snell for example whose participated in this thread and one of his investors commented.

This must be a popular forum to have so many nearby participants chime in!

When real estate is distributed from an IRA to the IRA account holder, the property is assigned in the IRA holder's name, but before that can be done, the IRA custodian will need to know the fair market value (FMV) of the property so that the correct amount of taxes is paid on the distribution.Unfortunately the RA participant cannot purchase the property from the IRA as this would result in a prohibited transaction.

It is the other buildings, other owners who do not actively participate, HOA board, and management company that should get the blame. 

Here is a link to the IRS for reference: https://www.irs.gov/retirement-plans/plan-particip...All transactions involving your IRA must be 'arms length', you personally or any business that you own must stay away from such transaction as far as possible.

Borrowers will be provided an upfront disclosure detailing this information.Contractor(s) Acceptance:  A borrower must choose his or her own contractors to perform the needed renovation.All Contractors participating in the HomeStyle Renovation Program must complete a Contractor Profile Report.

Syndicated deals are most often done with financing than not, although I have participated in some where only investor money was used - ie: not leveraged up front. 

I am looking to partner funds with friends and family in order to lend to a contractor partner, either as straight debt financing for acquistion and repair costs, or a combination of debt and equity partners, participating in profits after resale.  

.- More than half of the personal services you performed in all trades or businesses during the tax year were performed in real property trades or businesses in which you materially participated.- You performed more than 750 hours of services during the tax year in real property trades or businesses in which you materially participated.Don’t count personal services you performed as an employee in real property trades or businesses unless you were a 5% owner of your employer.