So if a disgruntled partner files an IRS-8082.

So we opened up an LLC and he funded it with $100,000.

Unless you have a Roth SDIRA, there are significant downsides to investing in real estate with an IRA.  

The safest thing is to file an ejectment lawsuit.

Will be attending an RAL Academy next month.

I am an agent that does only investments in the area. 

One way would be to get the real estate under contract, then bring an experienced partner in who also has access to capital, and stay in the deal as a minority equity partner.

The rental market conditions are slightly tight, indicating a healthy demand for rental properties.Student housing continues to be an attractive investment opportunity due to its recession-resistant nature and consistent demand.

Quote from @James Jones: Quote from @Mitch Conrad: There are models where you rent to an operator but that wasn't for us. 

For example, if the roof was "under insured", or if the ground moved below the roof support (I learned recently that  earth movement is not covered under some policies, such as those on the bluffs of Lake Michigan falling into the water).