Good luck on your venture and feel free to reach out anytime. 

Hoping to make this a full time venture in the future.

I would go one step further and say that in this litigious country, you could be sued for virtually anything so if that is your primary concern when thinking of starting a new venture you have the wrong mental attitude about being in business.A good work around is disclose, disclose, disclose.

Also get multiple quotes for a job until you find someone you can trust.Good luck in all your future REI ventures!

This "partner" has not performed their end of deal, has no interest in finishing projects, terrible with communication, and worst of all looks to be running some sort of scam with a contractor partner of his.I did a successful flip earlier this year with him, but things have drastically went down hill from there on the next ventures.

The IRA custodian will have direction of investment forms that the investor will need to complete and submit along with the documentation needed for the investment (i.e. mortgage, promissory note, private placement memorandum, joint venture agreement, etc.) in order to fund the transaction.

I am Oscar from the Bay Area I am venturing into real estate! 

It happens all the time where one partner in a joint venture handles the day to day while another manages the project, leasing, etc. just depends what your thoughts are on structure between you.

I've been lurking the BiggerPockets articles and podcasts for about a week now, but tonight will be my first venture into the forums.

Good Luck on your REI ventures.