This is to educate everyone on different methods or techniques.

Robin,What you are referring to is known as in-kind distribution.

Unless accredited you cannot take a shares distribution under any circumstances, is my understanding; but get a lawyer to help you out, you won't get far without one.

It's done all the time.Regarding the fix-up expenses, you can have contractors invoice the title company to be paid as part of the transaction, either as part of the initial settlement, or you can do it as a hold over when you close and allocate a certain amount to be distributed to others after the fact with receipt of completion submitted to the title company. 

The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m).The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (self-directed IRA LLC) must be utilized;

You then do and pay for the work and they distribute the rehab money in "draws" as they inspect your progress. 

If you post a payment outside the cure period even one time, the IRS may consider the entire loan to be a distribution and you become responsible for taxes and penalties.

Each of those entities are owned by a single member, which is my companies parent entity (LLC) which has a different, more detailed operating agreement that lays out how the company operates, voting, control, management, contributions, distributions, sale/liquidation, taxes, etc.

You have to have a GC to handle distributions from the loan company, unless you are a GC, in which case you may be able to do our own work.

The quicker the agent can get the deal to the closing table the better.5) Grow Contact List - The wider you can distribute a listing to potential (hopefully qualified) buyers the better.6) Do bigger Deals - It does not take much more effort to sell a $1,000,000 vs a $100,000 property but the commission is literally 10 times a much (this applies to many areas).Prospecting for a buyers is somewhere much further down the list for a variety of reasons including; buyer may not be in acquisition stage, buyer may no longer have available capital, buyer may not have fully disclosed criteria, etc. etc.From my limited experience, initially an agent searching for you will do some work but you fall off the radar in a short period of time if you are not 'active'.Oren