The cost of a misstep at this juncture can be very high if you rely on uninformed opinions put forth on a public website.Second, the link you provided appears to be an appropriate representation of the definition of disqualified persons contained in IRC section 4975.Third, depending on specific facts and circumstances, the transactions you have alluded to may have more to do with prohibitions against "self-dealing" than disqualified persons. 

You’ll find plenty of friendly, knowledgeable people willing to respond to your posts.I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

I was actually looking to quads and shipping container homes before i met my partners.

@Maya TorresStop by with a welcome package containing some batteries and felt stickies for furniture legs.

The key is knowing how to contain expenses and optimize the opportunity. 

Please don't forget that the older houses in those worse neighborhoods are far more likely to contain lead-based paint and/or asbestos.

They do contain, sometimes, a history that contains family names and restrictions, that no longer are enforceable, title insurances comapnies will try to get those out of circulation as they may provide information that could become a claim to title, but I'm getting off track.

Neither investor has any financial interests or operational control of each other’s project outside conditions contained within the project-specific investment agreement.

I use this Seller's Acknowledgement to CYA (Cover my Assets).Anyone can sue anyone anytime.A disclosure is really important in case there is a lawsuit.I use this disclosure on all deals:````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````Seller's Acknowledgements(Page 1 of 2)I ,_________________________________________________________ (Seller), on this ____ day of ______________________, 20_____, have agreed in writing to sell the property commonly known as ______________________________________________, (The Property) to ________________________________________ (Buyer) and or assigns, according to the terms and conditions contained in the Purchase and Sale Agreement (The Agreement) of even date, a copy of which is attached hereto.

Whether BP should be held accountable for the content of blogs/postings/podcastsand2. whether this blog contains illegal or immoral advice.1.