When you form a Partnership the best type keeps you in control and makes all Partners involvement and ownership variable.When you purchase them, at least 32 units will enable you to hire a Property Management Company and do the daily operations.

Well typically you'd want to get a lawyer involved to draw up a contract, since he's your brother I'm not sure if that's what you want to do but regardless you need to agree on the terms of the business relationship beforehand to prevent any disagreements and disputes:1) Who makes major decisions (ie renovations, evictions, selecting tenants, etc.).

I have to agree with Kurt, not that it's a difficult problem when you understand the values involved.

The payments, which were not disclosed to lenders, had the effect of substantially reducing the sales price below what was represented to the lenders.Dozens of properties were involved in the scheme, resulting in several million dollars in losses to lenders, the news release said.https://www.sacbee.com/news/local/article208752464...This guy... didn't  get so lucky.

I too look for opportunities to get all 4 of my kids involved in my projects all the way from the basements to the attics, the attorney to the title company. 

The concept you laid out in your spreadsheets is very interesting, and I love the creativity involved.

When in reality, there are so so many more factors involved.

These type of meetings are the biggest resources for getting involved locally, you can discover cash buyers there and other people in different roles of the industry, fantastic people to know and network with!

According to the IRS rules you are considered to be disqualified person to your IRA and as such are prohibited from providing any services to your IRA:https://www.irs.gov/retirement-plans/plan-particip...If you had a long term tenant you probably could get away without using third party property manager, however vacation rental will have high turnover, which will require significant involvement from you, and would be considered as you providing service to your IRA, which is prohibited. 

Hello GP community,Looking for people who are tax specialists/CPAs/tax accountants who are experts in real estate investing as well as familiar with the military (and the tax situations that are involved with being in the military).