I am trying to implement low to no money down structures (such as using a money partner).

@Nicole Graves for your flips are you purchasing with cash or using a hard money lender?

This will be the first time i am using a CPA since this is the first year since we purchased… I am not too familiar with the costs.

Recently attended a Local REIA Meeting, and the speaker mentioned something of using a Land Trust as a holding place for your LLC to increase your level of asset protection and decrease your odds of potential lawsuits/legal situations.

I don't think I would hire a home inspector for a flip, because they won't know as much as a contractor.So, while this is advice that I suggest to clients who have a contractor they use all the time, I would absolutely not give this advice to a newbie or someone using a new contractor.  

I'm also considering using a Home Depot project loan.

He had looked into it for traditional real estate buy and hold investing--he has mid six figures in an IRA he inherited--This should be enough for him to go discuss the concept further with a good RE tax Attorney/CPA friend.can you run through a scenario with either rehabbing or buy and hold using a self directed IRA?

I would like to explore this option instead of using a listing agent.

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Buy and Hold Chart of Accounts should include the following:Assets:Checking AccountSavings AccountTenant Deposit Account(if you have all three - if not, whatever accounts you have)Mortgage Escrow Account (set up as a checking account)Rents ReceivablePrepaid ExpensesProperty AssetOther Depreciable Assets such as Furniture & Fixtures, EquipmentLiabilities:Accounts Payable (if you're using a feature where you record your bills to be paid, then pay them out of the software.