You could form a partnership with a couple people, delegate roles and start buying properties in a JV.  

I formed a partnership with my favorite people (my parents and my two adult children).

If you are doing private lending, or investing in other partnerships or LLCs, you don't need this, your IRA can invest directly.

@Nik FarooquiTo maximize value in construction markets like Akron and Bessemer, consider strategies such as flipping, renting, local partnerships, and joining investor groups.

Might have to look into this...I'm still over here getting a new card for the $200 off of $500 in the first 3 months and borrowing free money for a year lol I've always done cash-back and just make sure I use the card w/ the highest percentage for whatever I'm buying - I think Amazon is 6-7% back (depending how how fast you want it delivered), Wal-mart had a good one (5% back) there but I believe their partnership w/ CapitalOne just ended, Costco has a good one (4% back and I think 7% on gas). 

R2R I initially had great opinions of but the buyers the work with have a lot of issues. we had a new build in contract all the way to the end in newark ohio where intel is going in for the bottom 2% of new builds in our market at 200k buyers flaked last day and they threatened to not work with us just to give the earnest money back. we build homes in partnerships so my hands are tied but from that as well as the really bad florida issues over in Lehigh acres with rent to retirement of homes not getting built I'd recommend investors bypass and save the money. they take 15k per house that we sell almost 10% more than any realtor ever takes. we did all the work, met with buyers the whole time talked every week. find your own builders direct and bypass all the fees and save money.

The transfer to the LLC is to make the partnership equitable among the three  groups or six people. 

Anyone interested in a 50/50 partnership to grow the portfolio?

You will walk away with knowledge and potential partnerships. 

Creating a partnership LLC changes absolutely nothing in regards to PAL rules.