If you just both have 50-50 ownership in the property and are both responsible for aspects of the performance of the property than a simple partnership agreement is acceptable.  

@Sean Edward O'Brien, I've posted multiple times on various aspects, and locations for investing for Dayton.

Defaults on a loan secured by real property via a D-T are processed per the power of sale clause in the D-T, and detailed processes are defined in Chapter 45 of the NC General Statutes (NCGS). 

I would suggest that you define your investing criteria and determine what type of investor you want to be. 

Without being able to answer these questions, no broker is going to give you the time of day.If you don't know yet, get on loopnet, start looking at Nashville multi familly real estate and educate yourself until you are able to define the above and work with a broker.Good luck!

@Dustin VerleyYes a PST can be transferred to a self-directed IRA since it falls under the qualified defined contribution plan umbrella.

I have been managing every aspect of my parents' rental property business for over 15 years.

Have clearly defined investment criteria that suits your goals (e.g. target cash flow return, value-add opportunities, equity appreciation resulting from value-add, etc.)3.

BUT, I see that point and believe it will be overshadowed by some more subtle aspects of the sharing economy.

We also developed feelings about what aspects of the business we liked best and which not so much.