My plan is to write up a contract which allows me to be put on the deed, rent the home out for several years and sell for profit at the end of the contract.

A system could be a paper and pencil, as long as your system organizes a lot of activities repetitively which allows you to handle more volume.  

., the IRA participant, his or her parents, children, to name few).The IRA participant is not allowed to use the property for personal use.Invest in Real Estate Using a LLCWhen both the IRA participant (in this example Jim Brown) and his IRA pool their funds and invest in an LLC for the purpose of investing in real estate, title to the property is taken in the name of the LLC.For example, if the name of the LLC is Buckeyes LLC, title on the deed would read Buckeyes LLC.Just like above, the LLC cannot obtain a loan and the IRA participant and other disqualified individuals are prohibited from using the LLC owned property for personal use.ANOTHER OPTION Your father can use retirement funds to invest in real estate operating company that is structured as a C corporation.

Draw up an option to purchase that allows you to sublet the property or do a land contract if they are legal in your area for the property if he is unwilling to transfer the deed without getting paid in full so you both have something in the deal but benefits as well.

This allows me to do a 1031 exchange and get into newer properties with better tax advantages (once I have used up most of the depreciation from the previous rental), and it allows me to never deal with deferred maintenance issues that increase my cost of ownership.

You have about 7 days to do inspections, get bids, etc. and should the contract allow for contingencies, this is your time to get out, but risk losing EMD (This is where I may be wrong)4.

What are the downsides of allowing you to sub-lease?

Wish my schedule would allow me to attend more!

You can do as many deals under your line of credit as your approved line amount will allow.

There are no programs that allow less than 20% down on 2-4 unit purchases unless you are asking for an FHA loan for a primary residence.