Do you participate in any of the REIA in the area?

I have professional experience in brand management, project management, and marketing, skill sets that are serving me well in this new venture.I'll look forward to meeting you and participating in the forum.Cheers,--Michael

In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.

So, I figured if I want to gain actionable knowledge, I better stop reading, and start participating.  

But the class will give you more insight, just like any school, classroom participation is a good thing.As to a finance class, always a good class to take, but you won't have a lot to apply to RE specifically from one or two classes, you'd need more along with other classes, economics and accounting being a couple.

If you need access to the funds of a disqualified party in order for your IRA to participate - there is a benefit between the plan and that disqualified party, and therein lies the risk.Another example would be a $1M loan with 10 investors each lending $100,000.  

They incent homeowners to have there rental business managed through their rental program (for which they take 50% of the proceeds) by withholding certain desirable resort amenities within the resort to those properties that don't participate. 

You are not going to be able to participate in arms' length investing on behalf of the IRA into assets such as real estate with a small account.  

Additionally the LLC will provide you little or no liability limitation to your other assets, since you have a participation incidence in the LLC operations. 

Breaking up a security interest in a deed of trust is a securitization function by participation.