This is a partnership, even if there is zero formal documentation.

Certainly the other approach is you go formally into a pooled fund structure.

I need reference and testimonials from current and formal students of his.

Without a formal inspection, it would be difficult to know how much capital improvements are required to get renters in ASAP.Even if the $500 number for the rent above is correct, but there are $50,000 in capital improvements needed to make it habitable, there are many investors that will quickly walk away.Just a couple thoughts.

Thanks for taking the time to formally introduce yourself.

I figured I should formally introduce myself - I'm Dan Pemberton, from the southern side of KC.

All the profit went back into his IRA to grow tax-free” Considering these testimonials and UBIT consideration, is anyone aware of the IRS giving any informal/formal guidance that the inability to execute a contract for lack of sufficient funds in a retirement account could be used to make the case for dealer “intent?”

.+ den can be used for office+ the family room was a bedroom before with closet- no garage, two car carport- split level, the living room is downstairs- no formal dining room- location is far from public schools but close to a few private schoolsBTW, total available houses for rent on the market is 9 as of today. 6 are 3 bedroom house and they are all listed with higher $/sqft.

ROBS stands for rollover as business startup.Over 20,000 ROBS have been funded to date and fortunately the IRS has published guidelines on ROBS.October 2008 Memorandum:First official publication where the IRS formally addressed the ROBS arrangement;IRS confirmed that these transactions may be not challenged as “non-compliant per se”;IRS summarized the steps involved in the ROBS transaction; andIRS identified compliance pitfalls including the failure to file the annual retirement plan form 5500 tax return, the failure to file the corporation’s tax return, & the failure to obtain an annual valuation of the plan’s assets including the investment in the corporation stock2009 - ROBS ProjectIn 2009, the IRS initiated a “ROBS project” to define traits of compliant ROBS plans and in doing so acknowledged that a ROBS transaction can be conducted in a compliant manner. 2010 – IRS Telephone Forum In a 2010 telephone forum conducted by the IRS, the IRS’s Director of Employee Plans Examinations Office and the Area Plan Manager stated that ROBS transactions are not “abusive per se” and that “you can have a textbook ROBS that is pretty much problem-free.”Fall of 2010 Retirement News for Employers: Brief SummaryThe IRS confirmed that the ROBS transaction is not considered an abusive tax avoidance transaction;The IRS confirmed that it does not protect business owners (also known as the plan sponsor) from incorrectly administering the retirement plan;The IRS confirmed that if the rules are not followed the retirement plan will be subjected to adverse tax consequencesFebruary 2013 Employee Plans Compliance Unit ROBS Project: Brief SummaryMuch of the same information contained in the October 2088 Memorandum was published in this summary; andThe IRS again confirmed that ROBS is not considered abusive transaction.

it's been awhile since I posted in this thread but I'm pretty sure that in most instances where I said "partner" with a N/P it's meant in the spirit  of working with them not so much in a formal partnership arrangement.