Or allow the individual to partner and take an equitable share of the profits until I can pay them off. 

I have helped hundreds of Buyers, and these days, no matter how many searches I set up for them or individual listings that I see and send to them uniquely, they still seem to want to search on their own and hence do so. 

OR maybe a lot of the rentals in your area were recently renovated, or have a pool, or have amazing views, or a million other things that the property you're targeting doesn't have in which case you have to skew your estimates up or down...There's a million ifs in the data, whether you inspect individual properties or aggregate views of your area.

To add to the other comments: From what I understand, an agent cannot give you a blank contract because CAR forms are specific to licensed individuals and are a result of a paid membership required to gain access to the forms.

I'm new, does it matter that I have no authority or experience? 

Having an individual invest directly into a family member's dealing using a retirement account may be considered a prohibited transaction.Furthermore, he would need a self-directed account.

Read your state regs, - involve your area authorities (fire marshall, building inspectors and anyone at the state level of whichever arm of state govt manages Assisted Living/Nursing homes early and often in the design/build process - they have to be kept in the loop and part of the process to keep happy and so that your facility can be auth'd and up and running)Best of luck

For those new to investing in the Denver area, @Chris Lopez also hosts and co-hosts many classes and webinars in order to help an individual find the right investment strategy for the right person.

I was introduced to this site with the intentions of meeting some great individuals who can pass along their knowledge and experience to help a new investor like myself, learn how to get started in real estate investing. 

Some individuals say yes as long as you can prove you made prior arrangements, appointments, etc. and other says you can only write-off these expenses after you actually own property in that location.Does it make a difference if you make the travel purchases as part of your personal assets or on behalf of an LLC?