A proper governance structure needs to assign responsibilities, cover every possible exit scenario, and more.I imagine I haven’t covered anywhere near everything, which is why I’m here.

You invest your IRA in real estate because you believe you can better protect and grow the IRA with real estate than other investments.The structure you have been introduced to is a "checkbook IRA", where the IRA owns an LLC that you can control.  

. - Knowledge of the tax formation and structure of LLPs, specifically Delaware Limited Partnerships- Ability to maximize tax deductions for founders/investors of the funds, yet will communicate aggressive tax stances.- Familiarity with Legal Structure of partnerships and advantages/disadvantages of various taxable entities.- Offers proactive guidance in tax planningMy partner and I are both located in the Bay Area, but location does not matter! 

I was wondering what you guys think the best company structure may be in terms of entities in terms of both flipping houses and also holding rentals and eventually using 1031.

My income puts me into a 35%+ tax bracket... so taxes are a big hair cut and a loan structure that allows me to pay more interest up front would probably be beneficial (so I could deduct it). 

If he is hiring you to find him jobs, you would essentially be marketing for him and getting paid based on what deal structure you work out. e.g. percentage of the job amount, fixed finders fee, etc.If you are starting your own contracting business, you would need to defer to TX small business laws.

One wrong item comes up, wether it's a structural or foundational issue and your deal could be shot. 

Depending on how you structure your LLC or business can affect your expenses/exit strategy.

Since purchase, we have made some structural fixes in the basement, outside structure, and parking area.

I have yet to figure out what his contribution is worth, considering I wouldn't be able to do it without him.Looking for suggestions from experienced investors on how to structure this deal with the lowest tax burden and liability.