I definitely appreciate your willingness to help me in this new venture! 

Good luck with your ventures! 

We are venturing into the multi-family arena, and would be happy to share the experiences when they come up!  

It's not an LLC, no checkbook IRA, just good old boring SDIRA stuff, if there is such a thing.2) Separate from that, and distinctly different, I have formed an LLC (IEC Ventures) in which I will work with JV partners and private investors on other NPN's.  

Trustee must submit it to the lender - who knows - you might get lucky.Foreclosures can be profitable - but you are safer to buy at the auction - if you don't have the cash or a credit line - you should put together a joint ventures with friends or relatives - let them know what you are doing and how they can profit.

My understanding is that an IRA offers a bit more flexibility in regards to premature withdrawals, which could be beneficial if I ever want to "self-direct" the funds into my personal real estate ventures. 

Good luck to you in your future ventures Willow T!

Joint Ventures allow for less risk for both parties.

I ended up not investing in the venture because the HINT of financial impropriety (and the new PM saying they need a forensic accountant) was enough to give me pause. 

Been fortunate and have no mortgage on my primary residence so will have no problem getting HELOC to fund my venture.