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. 

Also, keep notes for items we order for each villa and notes like paint colors used...almost like a villa diary.I would love something that could generate reports as well and is customizable for each villa I have.   

I think there are some online banks that have nice returns but for me I’m not really trying to have a savings account generating interest at a bank but rather in real estate and the money in the bank is only a temporary holding spot

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. 

And when mixed with the power of compounding, real wealth can be generated from a relatively modest investment.The real return on real estate is not always easy to see, which is perhaps why investors do not pursue it as actively as investments in equities or fixed-income instruments.