@Sebastian E. Yes

There's a world of opportunity out there, learn as much as you can, get involved with discussions and post up any questions you want answered.

Whether a Roth conversion makes sense to any one investor is a complex matter involving so many factors such as age, income, value being converted, cost of conversion, projected future tax bracket, etc.The cost of the the conversion would be determined based the appraised value of a property, less the outstanding debt. 

@Garrett Wilson, if you were "buying directly from the seller", how on earth did the wholesaler get involved?

Do I just work with zoning for that or would the design/build people get involved this early in the process? 

If you are risk adverse real estate, (especially out of state) is not for you.As for horror stories you'll end up involved in those no matter where you invest.

I know my realtor partners all over FL who know me and read my posts, are rolling their eyes, but they know I'm right and is why they offer such massive realtor rebates to my buy/borrower referrals.    

Congrats on getting this deal Harsh.First things first, you should be talking to your attorney and your CPA for legal and tax advise on how to best structure your deal according to what you agree with your partners.That being said, the structure of a deal can take many different shapes and forms and it will vary according to the type of involvement the partners will have in the deal.Are you in charge of putting together the deal, securing debt, managing the operations?

No K1s are involved unless you operated it inside an S-corp. 

@John Knisely Thanks so much for the the invite, Looking forward to getting more involved in these great opportunities.