How profit is distributed to each partner (financial and renovator) from both an equity perspective and a cash flow perspective3.

Is it a distribution?

@Jim Goebel There's a lot of little details to each of these accounts.When you take distributions from a Traditional IRA (Self-Directed or otherwise) you pay ordinary income taxes in the year the distribution was made.

Actually it would be considered a debt financed distribution.

Wife can get a hold of Husband if you have a pile of money to distribute to the two of them.

We used this technique to buy 4 VA loan homes in 3 years.  

We want to be able to send them their distributions electronically each month.

The source of the funds comes from the tenant and distributed to all the monthly expenses...and you get what's left over. 

-The down payment/interest/fees of a hard money loan that includes value-add repairs and eventual cash-out ReFi-A down payment of an already cash-flowing or rent-ready property (Would need to be a super bargain or a loan that allows under 20% down)-A creative financing technique that allows less cash out of pocketLooking for opinions of which of those likely make the most sense. 

After that, distribute the returns at a market rate based on who's doing the work.For example, assume the following.Land Contribution: $10,000Cash Equity: $30,000Total Equity: $40,000Project Loan: $160,000Total Sources of Funds: $200,000Land: $10,000Hard Costs: $145,000Soft Costs: $30,000FF&E: $15,000Total Uses of Funds: $200,000The joint venture can then be structured as pro rata split to an 8% preferred return and 50/50 split on everything thereafter if you are doing the work.