It is a trade organization representing it's membership.  

It's pretty bad that when I want to search on BP that I have to go to Google to do it....Plus...There is a ton of fantastic blog content that needs to be way better organized and indexed so that the many great influencers on BP, like @Russell Brazil , @JD Martin , and Alex can help steer new members to the already existing fantastic content. 

So far we have talked about the idea of him buying a house with 100% of his own money (no mortgage), and then he would let me function as the landlord.  

So your 9% isn't correct it is 15.5%cash-on-cash = (1st year principal paid off + Annual EBITA) / down paymentYou should think about calculating you IRR as it takes into account price appreciation and exit proceeds.Here is an example of my projected CF.Then use the IRR function on the totals.Net proceeds should be the price appreciation - principal - commission.

Outside of school I spend my free time helping young sales students at my college increase their professionalism and sales skills as a part of a student organization I am on the board of. 

When dealing with title companies or cloing attorneys, your trust document must comply with state requirements for organization and for funding.

I take a more organic approach myself and take all of those factors into consideration.

And I can also see that as a sham transaction tax wise if you are not operating at arm's length.But it looks to me like you are simply involved in two seperate functions that you are trying to tie together, you manage the LLC as well as your properties and you should probably keep the activities seperate and not comingle funds or business.

Check to with your local home builders organization as they will do reviews of new homes.

I do not see the functions.