Made sure to get my HepA and Tetanus shots. 

So I made contact with a person who has 100 equity in the property who owns it as a rental, They have been managing from long distance and want to sell.

You still made $17,600 in 3 months.

My colleague is right there's much information to be obtained here as well as networks to be made.

If so, that often means the building needed to be custom built because it is not standard. 

for example  50/50 after a certain profit made?

. - good points made above by @John Knisely and I would add to that - if you are going to be an agent and do investments, you should have two completely separate business entities.

Hey everyone, I'm new to BP but I wanted to share this video I made throughout the process of doing my first flip!

You guys have made me feel very welcomed!

You can bypass the custodian by setting up IRA owned LLC, in which case all investment as made under the LLC and the custodian is playing passive role in this case, but there must be custodian.