But if you have cash, I would look at being the money partner and do some joint ventures with some experienced flippers or maybe even lending as a second mortgage holder.

Even though the income from the property has been reported on our joint tax return for over 15 years (farm lease).

If you need to work on a roof, find yourself an old couch cushion or whatever u can find.

Can't u just do two Comvential loans?

Through a Joint Venture agreement utilizing SDIRA funds How did you add value to the deal?

I simply wanted to know if that is compliant with CA's RE bureau, for future reference.Last message (txt) was from listing broker/dual agent that that Escrow was opened, and so I dropped off the 10K check to the Escrow company indicated in CAR form's Joint Escrow Instructions, which shares same exact address as Listing Broker, just a different suite letter, ie B in of A, and haven't heard back from dual agent since, but assume once contract is executed, brokers move onto their next deals and become 'scarce'.Anyways I had asked for 4wks close then 3wks close but broker kept 2wks close on the offer as its cash so let's see if we actually do close on their preferred timeframe of 2wks which would be 2nd week of Nov; there are NO contingencies other than Title clearing so I see no reason why the heck not, yet remains to be seen!

I use Joint Ventures when needed, but self owned is best.

Do a Joint Venture with a cash investor (family, friends, etc)

Consider a joint venture property by property instead of an all out partnership...or a partnership with a VERY clear operating agreement that spells out how to operate as well as how to dissolve. 

Ur second step will be to calculate what number works for u, use biggerpockets calculator.