With these entities, any profit earned from the rental activity is “passed through” to the owner or owners’ individual tax returns and they pay tax on it at their individual income tax rates.Thanks.

To keep it cleanest, I would think your sibling should pay market rent for the separate business space and they get their share of the profits from the building as a whole per your agreement. 

Own one home and just signed on a second for a tiny profit.

The second, is that I want to build a non-profit business dedicated to the housing and rehabilitation of homeless veterans. 

I love the challenge of finding the deals no one else sees, and then making a great profit for me and those who Joint Venture with me.

@Caryn CasarezI'm sorry, but it is impossible to determine what exactly you are asking.If the IRA receives profit from a deal, then the profits must be returned to the IRA.If the IRA is partnering with another investor, then that person will receive their profit directly from the closing process, not typically from the IRA.

Starting out, I plan to wholesale - and then re-invest those profits into flips and rentals - and eventually I plan to break into apartments and commercial real estate at some point in my journey. 

Unexpected things always come up so the thinner the margins the less room investors have for speed bumps along the way. 

This of course turns off cash buyers we just roll our eyes once we get into the house like how in the world can this turn a profit.

Which means getting deals below market value or with opportunity to market to investors with a fee/profit built in for you.