But the case where you are buying, rehabbing and selling within your IRA would in most cases not be applicable for UBIT, here is food for thought or arguments:(1) Your IRA is not you, and your IRA is for your benefit, and is managed by a directed trustee or custodian for your benefit(2) Any investment in your IRA will be deemed as Passive Activity, since you cannot materially participate in the investment from your IRA (else it is a prohibited transaction)(3) Your IRA does not file any self employment income taxes(4) Your IRA may file UBIT based on UDFI (assuming the IRA has borrowed funds for acquisition or rehabilitation)Now if your IRA invested in an pass-through which did the flips as you describe, the entity itself first must satisfy the requirement of a "real estate operating company" to receive any exemption, else if it does not it could generate a UBIT for your IRA as an "operating company".As others have mentioned, please work with a knowledgeable professional in this space for your specific situation.

HVAC system(s), water heater(s), heating fuel, etc) in the list of materials to be provided for diligence, but include a condition granting you, or your agent, the right to secure tenant estoppels after your review period of the materials and prior to Close.  

I started hustling through a lot of Real Estate material in the past few months with my dad, who has the same goals as I and now it's time to take the first step.

Or should I just read a lot of material first?

I am talking about the type of flooring that looks like wood planks, but it is actually a type of pressed micro-board material (something to that effect).  

Sherwin Williams has a 40% off sale quarterly if you sing up for their promotional e-mails they will notify you.This product has best results being applied with a sprayer.  

Both have promoted themselves as Single Member LLC states that give Charging orders to those LLC's.

I like yours, but I would add that they would need to replace or repair any damaged materials, as well as mold mitigation.  

I do have a number of years in construction though.That being said, I am not getting reimbursed for labor, just material.

You should negotiate a fixed price upfront -- if that includes materials, you either roll the materials into the total cost, you agree to an allowance for those materials or you agree to a reimbursement of direct costs (in which case he should provide receipts).