Doing real estate with one entity is the simplest recipe for disaster....just my $0.02...

How your partnership is set up is dependent on you guys.The simplest initially would be if they lend you the money and record a note just like any bank would do.

There are ways to do it with less, but the simplest and safest thing is to make a first position loan to a rehabber with no seconds behind it.

I want to know right away when the simplest thing is broken.  

So 2 remaining types of accounts are what I need to do further research on.When I google SDIRA I get this in the most simplest of definitions:A self-directed Individual Retirement Account is an Individual Retirement Account (IRA), provided by some financial institutions in the United States, which allows alternative investments for retirement savings.It appears though that the SDIRA has a component of allowing 'checkbook', no?

So to clear up for the off chance that somehow someone wanted to chase that into a courtroom, I was simple stating the facts. 

What is the simplest way to compensate one member (of a 2 member-mamged 50/50 LLC that has a couple rentals) for doing the monthly books, record keeping, form filing, etc. 

However, since certified mail is not available to overseas destination, sending the NOTICE OF INTENTION TO IMPOSE CLAIM ON SECURITY DEPOSIT letter via email to both tenants seems like the simplest, fastest, and most practical solution, and it's free.

@Robert Richardson a good lender is going to be the key ingredient here.

Although an LLC is the simplest form of a corporation, and doesn't require filing different tax forms, it's still more cost and work to do this."