Unless you can provide your private lender with secured double digit returns, I agree with most, your dad may have to do this on his own, or simply have you intern with him on this deal. 

Just last week an alumni stopped by who is working on a 80 million dollar international real estate development project of his own where he got funding through investment firms.

@Waylon GatesThere are many reasons the Solo 401k is the preferred structure.Contributions limits are roughly 10x higher, there is no custodial requirement for the 401k, you can take participant loans, you don't need the additional expense and administration of an LLC to have checkbook control, there is a built in-Roth component, a spouse can participate, there are additional tax benefits, there is generally greater privacy, and the plans are often quicker to setup and cost less money over time especially compared to most IRA LLCs.

Cash on cash, internal rate of return etc?

Joe's brother-in-law buying Joe's house at a short sale would be a huge red flag for fraud.I think the biggest arrow in your quiver is #1, and your most probable path to success is to order a fresh appraisal with a fresh opinion of value, and once it comes back go to your (or the end-lender's) appraisal department (not the AMC, the lender's internal folks) and argue that the new appraisal is more credible than the previous one because of #1 ("if the appraiser didn't even go to the comps for a quick drive-by photo, who knows what else he didn't even actually do?")

I do not have a particular plan as of yet but I believe by saving your money and timing is two important components to get into investing.  

Optional - Get a college degree in real estate ( Florida International University and University of Florida offer fully online degrees in International Real Estate and Real Estate Finance).  

I think had I gone active component I may have done that but I took the reserve route.Thomas S.

However, many larger companies use Internal Rate of Return (IRR) as also a matrix to assess how desirable a property maybe based on how long they desire to hold the property.

BNI is Business Networking International, a networking group where you get to know one another well enough to pass personal referrals.