I am trying to figure out how best to structure this deal so that we'll be out of pocket as little as possible, but also not have to come out of pocket a ton on each rehab as they become vacant. 

Should I hire a general contractor, civil engineer and structural engineer to put together a plan?

How do I structure the loan at 10% with a 5yr ballon (or better terms if you have ideas)?

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.