Brian, are you saying that if my wife and I create a multi-member SDIRA LLC that pools both of our traditional IRAs into one LLC, that any subsequent contributions would need to be made at the exact same proportion?

Then for each subsequent purchase, the LENDER will be providing the new DEPOSIT from your re-appraised and re-financed previous property - and will also lend you remaining balance required because of your built-up equity.

I want to figure out a potential exit strategy now because if it's going to be a money pit, maybe I won't buy the subsequent taxes, just hold the lien I have now. 

In order to defer all of that in a 1031 you will need to purchase other property/properties (yes you can sell one and buy several) worth at least the 1,400,000 and use whatever cash is generated by the sale in the next purchase or purchases.If the improvements are being financed outside the property itself you can reimburse yourself after you complete your exchange and subsequently refinance one of the new properties to pull cash out.  

I'm the President/CEO of Universal Son Enterprises LLC. 

Some people wish they did, but unless you're in Ohio, they don't care.Some of the advice on BP comes from people that HATE wholesaling, so they will over-exaggerate the risks of doing it, tell you it's illegal, and make you think you're setting up a criminal enterprise.  

@Justin FernandezHere is one definition of "joint venture": "a commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities"For the sake of simplicity and what is most likely in our kind of real estate, let's agree for our discussion that we're talking only about 2 distinct parties (as opposed to 3 or more) joining in the JV.

For my first deal or so I'd envision contributing the due diligence on the acquisition, performing all project management of the rehab (while paying contractors at an arm's length), refinancing / financing the property and then performing the subsequent management.  

Essentially, I've been pre-approved by several lenders until they find out one thing, then the $200k I was pre-approved for drops to $60k.I work for Enterprise and my pay structure is that I'm guaranteed 48 hrs per week and make at least $39,000/yr. this is where I've gotten the $200k pre-approvals.However, it's broken down on my paystub as 40 hrs of normal work and 8 hrs of overtime each week.

I consider it a legal scam as the agencies that provide the doctors that rubber stamp the certificate are legitimate agencies (same agencies that certify the legitimate service animals) that collect fees for this serviceSo far if I allowed animals at the unit I have accepted the certificate and have not collected additional moneys (normally I charge additional cleaning deposit and a small increase to the monthly rent (1st animal is charged more than subsequent animals)).