Basically my plan is to show him some of my rehabs in progress, explain how the business works, how I would use his money, how it is protected, etc.

In most states, this can be done through the use of attorneys and statutory representatives, so that members are not revealed in the public record.

Use your best judgement to protect you and him from claims.

@Jeff GreenbergTo learn more about the Roth IRA transfer restrictions, see the following. https://www.irs.gov/publications/p590a/ch02.html#e...To learn more about the SIMPLE IRA 2 year transfer restriction, see the following. https://www.irs.gov/retirement-plans/simple-ira-pl...

From my perspective, it's not just about ensuring that you are legally allowed to invest and that you are able to proper publicly recorded title to a property, it's also about all of the other laws indirectly related to owning the property (ie. the court system, environmental laws, tenant/landlord laws, business laws, etc, etc).

Found some books at the public library used book store or Goodwill store for 50 cents apiece.

But knowing the rules can help you protect your investment and make it profitable.

Requiring a house to be up to code before starting utility service is not extortion, it's good public policy and what government is suppose to do.

What are the pros and cons of recording a mortgage on a free and clear property for asset protection.

Oh, LOL, you're saying you're a consumer advocate and all of that snooping and going through that is only to benefit the public.....I don't buy that, could be but I wasn't born yesterday.And, you're wrong Joe, I'm very much a consumer advocate.