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?

My bad, I should have formulated more clearly. 

There are plenty of strategic tax options available without complicating things and utilizing an S-Corp too soon.

This is an acceptable scenario, but it may not be what is actually best for you.While I understand your desire to remain loyal to your CPA, perhaps you should find another one to help you with strategic planning.  

And unlike property taxes, I can strategically mitigate my income tax.

But I too am looking to make some strategic moves for 2018.God Bless and Happy New Year!!

Dodd Frank required that states formulate individual laws at least as restrictive as the federal law.