Should I do my first deal 50/50 with my father?

The following IRS websites cover the UBIT rules. https://www.irs.gov/charities-non-profits/unrelated-business-income-tax To avoid UBIT it will be better if the self-directed IRA loans funds to the LLC as UBIT does not apply to notes.

We have the 2nd highest Gas Tax in the lower 48.The Governer is trying to put into law, a tax on the amount of miles that you drive each year.A recent poll found that at least 50% of the Residents would leave this State if they could find a way.Raymond

Their program has about 50% that you read, and the other 50% is an animated man/women explaining things, which helped with certain sections, especially the math.  

Hi all,I'm still scouting for my first deal, and I came across a commercial multifamily (7 units + 2 stores) that is out of state (NY, I'm in CA) that looks promising.The basic numbers are:Asking price:  300kCurrently leased, bringing in 74k per yearTaxes:  8,600, but assuming 10k.I'm assuming this needs to be a commercial loan, which brings me to my first road-block - my down payment ability is limited to about 30k (I have an IRA with 60k in it that I can borrow up to 50% of).What sort of things should I be on the lookout for with this type of property (assuming I'm able to surmount the down-payment problem)?  

2- How to structure the business to get the most tax benefits, taking into consideration that 50% of the company will be owned by a foreigner?

But definite lessons learned.Super excited how quickly we turned around Property #2.  50 days from one loan to another is pretty awesome in my book. 

I have scouted excellent projects  at 50% ltv on AS IS value.

Clearly understand what the fair housing rules are to avoid getting yourself into trouble. one of the units is section 8, learn the rules regarding section 8.  

FYI spark modules are on Ebay for $30-$60 and gas oven igniters for $20-$50.