That being said initially it can be good to start flipping and rent out properties as well.

My current job doesn't offer a match and I haven't been able to contribute to my Roth so this new strange space opened me up to finding the awesome community hereI thought I'd ask for some steering direction from those who have some experience so I can talk to a local professional (Dallas, TX) for the details/next steps.

@Jay Hinrichs You have already answered this in a private message to me, but figured you might want to fill others in on the forums....Sorry, I wasn't able to tag you initially, because we weren't connected yet.  

My next step is to get a qualified CPA on my team and craft some planning and tax strategies together.

Hello Fellow BP Members,I am here because I am about to take another large step forward in my REI career and I could use some guidance.

What you are suggesting (no long term partnership) is simplybto have party B step in as a lender in second position where once the loan and interest is paid, then party B is done and party A starts and remains as sole title holder.

I'm sorry to say it's not a gimmicky "3 simple steps to get the results you want tomorrow"; rather, it's real work and takes commitment.  

He has a good track record, but I have never lended money so I'd appreciate any guidance in how to set the terms and what steps are critical to ensure the relationship doesn't go south.

It seems like a simple thing, but reaching out in BiggerPockets about getting started as a real estate investor is a great first step.

If not, you need to find out the first step in eviction in your property's area today.