He can help you plan your estate and structure a trust so that you and your loved ones are protected.

The way we structured it was that the 5% commission was a "gift" to my wife who was also on the loan/title.

Hey Zehua, The loan you're considering appears to meet IRA requirements as it's structured as non-recourse to both the LLC borrower and yourself as guarantor, except for carve-outs like criminal activities on the property, unpaid property taxes, and lack of insurance. 

Feel free to reach out directly if you are still unsure, I can have one of our attorneys do a comparison HUD using our fee structure. 

Considering the investment size and projected returns, how should I structure my financial involvement to balance the potential risks and rewards?

Check in with @Joseph Chiofalo for help with structuring and investment loan solutions.

These are generally business loans based on assets and income of the property often structured as DSCR (Debt Service Coverage Ratio) loans.

I want to buy the property on terms and demo, build a new house.I want to structure an owner finance deal with him where I either pay him interest only on the lot or no payments for 18 months (or until the new house completes and sells whichever is earlier). 

The trouble I'm having is what the ownership structure of Operator should be.

The 13-unit original motel, built in 1958, has been completely renovated to 2023/2024 standards and upgraded with all new electrical, plumbing, and internet structure throughout.