You can use a lawyer who is knowledgeable in the IRA LLC arrangement or you can use a facilitator who puts the whole thing together for you. 

I'm going to arrange a couple beers with a builder to learn more.

He arranges the meet ups which usually take place in NYC, And he is an all around great guy too!

I would rather give friends and family a 10% rate than a complete stranger.I've been thinking about private money to help finance more acquisitions and like the concept of preferred equity arrangements.

It is time to do some upgrades (carpeting getting worn, etc.) and I am contemplating repurposing the property as a "Vacation rental home" to make available to people who spend the weekend for games, parent weekends, etc.  

In real estate, you are not judged by what number of arrangements you close a year.

Recently with the changes in flood insurance cost my expenses went up even more, so between all of that and it being empty often between renters i am really contemplating selling it.

@Ryan Louie, do you have some kind of written document documenting the arrangement?  

You know what @Joshua Hill, I myself have been contemplating the same thing.

What would be option for financing I could suggest to a seller of a single family home.Owner (seller) contacted me and want to sell us their house, the owner is ill and son has lived with him for past 8 years, They would like to be able to rent the home from us for the next 2 years after we buy it. this would be private sale no Realtor fees.What is a good way to finance with out a bank, I have cash and could pay about 2/3 of cost of house upfront and do some type of arrangement for payment on balance.