Any model ideas?

When you look at cash flow modeling, borrowing much more than that causes it to be tough to get a positive cash flow.

Investing in a fund like PPR has no UBIT implications unless the IRA is an LP in a syndication but I don’t think that’s what PPR does. 

Also, if you sell homes regularly each year, whether it's a few or more and you can show the bank that that is your business model and if you can show the bank consistency in that model, they can use your capital gains as regular income which can greatly help you qualify for a loan.4.

@John Lasherjust curious what specifically you're looking to do - GP or LP? 

If you lack the funds to flip any other way, go for it, but do understand it's not a business model for long term success. 

I am looking at this from the LP perspective, because to the GP, equity is the MOST expensive form of capital.

I used the concept to do arbitrage on 3 more of his properties and then transitioned to more of a management model in 2020 to offset my risk.

It's not our thing and the model does not work in those iterations. 

That’s not a business model—it’s just chaos.If we want to be taken seriously in this industry, we have to respect the process.