According to the IRS rules you are considered to be a "Disqualified Person", furthermore rules explains that all transactions involving your IRA must the "arms length" which means that "Disqualified Person" can not be involved in a transaction directly or indirectly:https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactions

Perhaps an ACV policy would be better for a strategy that involves a short holding period.

Sure I make a percentage on the wholesale, but it wouldn't be anywhere close to what I can make being involved from start to finish. 

He's retiring, so a lump sum and a steady income that involves no obligation to property would likely be very attractive.

On the surface, yes, if I can move from a lower to higher return on equity, then it would make a lot of sense, but I believe people have to be cognizant of all the risks involved. 

Sounds like this loss could have two Perils involved; one which might warrant some coverage.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

and/or take 3% off additionally since no realtors are involved?

It also involved land trusts to aid in offering the best financing options while also offering you anonymity. 

I would love to get any referrals I can at this point, my real estate involvement at this point is mainly intellectual and I will definitely need to start growing my contacts list.