Worry about strategic asset protection later on down the road when you have grown a considerable amount.

I know strategic leverage mixed with appreciation can result in serious gains, but the same occurs when deprecation and leverage mix, resulting in serious losses.

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck and let me know if you have any questions.

The goal is to purchase with a tenant in place, cash flow until turnover and then strategize if an upgrade is worth the return you'll likely see or if you should just clean it up and keep the current returns. 

I am simply formulating a much simpler and cheaper method to finance an non owner occupied property.  

CPA who does only taxes and gives strategic advice.

You have to be strategic but within the law. 

Banks are very strategic about how/why they liquidate properties and many of them can be stagnant for months until an asset manager can finally get to that file and start the liquidation.

I'm keeping an open mind on the subject until I talk to a RE attorney and discuss my business goals and formulate the proper strategy and structure with them.

Background about JV:Acquisition Price for Duplex: $ 100,000 with an estimated Rehab Cost: $ 20,000.00.Estimated Rent/Unit/Month: $ 700.00Equity: 20 % and pay for the Rehab ourselves and finance the rest.Goal: Cash flow by renting for the Duplex with Property Management coming from PartnerFYI, My investment is going to be coming from a Self Directed IRA.Question: (a) What do you propose I formulate a partnership that will prevent the SDIRA from being declared as Undeclared Business Income Tax (UBTI) by the IRS?