I'm new to the investor world and what brought me here was the overall goal for financial peace.

It would help my growth (and progress toward financial independence) to have his capital to play with but I want to be sure and make a deal that benefits everyone. 

You are now FIRE (Financially Independent through Real Estate).

However, IF INDEED YOU ALTERED THE OFFER, you DO NOT have a ratified contract.

I am planning financial structure currently while working through design and budgeting and want to bounce some things off professionals not in my local market.Thanks in advance.

Has anyone used 'IRA Financial Group' for their Self Directed Real Estate IRA? 

I would look at current/past 24 months financials.

Renting it out is an idea though I never considered doing buy and hold so I really have no idea how to evaluate if the property makes financial sense to do so with.

So I had an idea of learning financial modeling, and offering to analyze deals for a small fee ($20 bucks or so).

Although, I have to thank him, because I see the potential of real estate investment being my knight-in-shining-armor bringing me to my goal of Financial Independence in the next five years.