I think you should tell me about the deal:) And then we can arrange something that makes us both happy. 

(A) A landlord who is a party to a rental agreement shall do all of the following:(1) Comply with the requirements of all applicable building, housing, health, and safety codes that materially affect health and safety;(2) Make all repairs and do whatever is reasonably necessary to put and keep the premises in a fit and habitable condition;(3) Keep all common areas of the premises in a safe and sanitary condition;(4) Maintain in good and safe working order and condition all electrical, plumbing, sanitary, heating, ventilating, and air conditioning fixtures and appliances, and elevators, supplied or required to be supplied by the landlord;(5) When the landlord is a party to any rental agreements that cover four or more dwelling units in the same structure, provide and maintain appropriate receptacles for the removal of ashes, garbage, rubbish, and other waste incidental to the occupancy of a dwelling unit, and arrange for their removal;(6) Supply running water, reasonable amounts of hot water, and reasonable heat at all times, except where the building that includes the dwelling unit is not required by law to be equipped for that purpose, or the dwelling unit is so constructed that heat or hot water is generated by an installation within the exclusive control of the tenant and supplied by a direct public utility connection;(7) Not abuse the right of access conferred by division (B) of section 5321.05 of the Revised Code;(8) Except in the case of emergency or if it is impracticable to do so, give the tenant reasonable notice of the landlord's intent to enter and enter only at reasonable times.

Choosing not to at least explore an arrangement that you'd be happy with is just bad business in my opinion. 

This kind of seems like your basic low risk sort of arrangement.

Maybe this would actually be a better arrangement after all.

Two unrelated individuals arrange to make a loan to one another using their SDIRA funds.

(APGI), who allegedly arranged these, was charged here: http://www.justice.gov/tax/WReed_Complaint.pdfThis is the gist of the case, cited from the complaint:A.

It was his full time job for several days when he first got the property, arranging for additional remodel, hiring contractors, etc.

Kinda like being on the stand in court, answer only the question asked, the more you say the deeper you'll get.Probably the best way to structure your arrangement is by having investors contribute money as capital to the LLC if you have 3 investors they put in 1,000 each.

similar thread http://www.biggerpockets.com/forums/49/topics/78493-how-to-structure-this-private-money-arrangement