.- the homeowner next door not liking renters however I wouldn't want to place bad tenants eitherI don't know that this would be a strategy to propel me towards my investing goals however if the numbers are great they may be instrumental along the way.

I look at it like a safety net incase one of my deals blew up on me. in these great years of late were I have paid very large amounts income tax if I had a melt down project and lost say 500 to 1 mil  ( which has happened to me in 09) I could then go backwards and recapture all the tax I paid the last 5 years.Now of course that's me were I have high exposure to risk.. if your exposure to down side is not as great then I think anything you can do to get out of AMT is good.Although I also like the uneven distributions you can do in an LLC and the general flexibility of the instrument itself

Any debt instrument must be non-recourse, meaning no personal guarantee from you.Flipping is a trade or business, and if your 401k/IRA engages in such a trade or business on a regular or repeated basis, there is a trust tax known as UBIT that applies.A leveraged flip is probably one of the more complex transactions one can do with retirement funds, and you will not only want to speak with professional providers of self directed plans, but also ensure that you have a skilled CPA on your team.

@David DachteraI thought tax returns and certain land record instruments could allow a judgement creditor to determine who the beneficiary is. 

It should be a clause in the instrument that secures the loan.  

Not sure what stage of pilot training you are at, but I am working on my instrument rating, and am finding it a challenge to find balance between getting started in real estate investing, my other home business, and focusing on ground school and flying. 

Everyone needs second chances, by you helping out you were instrumental in bringing the sparkle back in the eyes this 64-year young investor.

According to Chapter Four:"At least one borrower must occupy the property and sign the security instrument and the mortgage note in order for the property to be considered owner-occupied."

If the music is too loud and there is a complaint, they send a letter to you and the tenant...just to name a few.  

The JV is NOT a recorded instrument so the managing member of the LLC could potentially sell the duplex on you and keep the money.