Now I know it can be structured any which way but I'd like to hear how you are structuring it into your buisness NOW in comparison to when you first started.Like do's and dont's if you will.What are your typical terms when discussing with them?

How you structure the deal can affect your capital gains and depreciation costs.

I've now been approached by investors through my personal network, and I can see the opportunity associated with taking on investor capital; however, what is the best way and structure to take on the additional capital? 

Possible discussion topics:-Lending/Financing-Legal Structuring-Macro Portfolio building-Local Investing/Out of State Turn Key productsThere are books and a plethora of blogs/forum on the Micro aspects of Real Estate however these Macro topics are better to discuss in person.

Essentially, I've been pre-approved by several lenders until they find out one thing, then the $200k I was pre-approved for drops to $60k.I work for Enterprise and my pay structure is that I'm guaranteed 48 hrs per week and make at least $39,000/yr. this is where I've gotten the $200k pre-approvals.However, it's broken down on my paystub as 40 hrs of normal work and 8 hrs of overtime each week.

@David Fritch We are still mulling over the details, I think we will reach an agreement, he wants to do it a slightly different way basically we agree on payment amounts for two years then I owe him the final amount, he's actually structuring the deal to be pretty beneficial for both of us.

I've never dealt with properties on reservations, but from what I heard, you can't buy the land itself, only the structure on the land.

If a wholesaler knows your situation (tradition financing) they will structure their contract so that it works for everyone. 

I'm getting things situated as far as the legal structure in place.

I read that the Gates decision says that if I tear down the old house to build the first two then I lose the capital gains exclusion.My question is: Is there a way to structure an arms-length partnership to buy the house and two lots - allowing the exclusion - but then also allowing me to gain some of the upside of the new home sales?