Let's also say together we purchase a multifamily @ $1,000,000   I understand the prohibited parties issue.1) If we (myself and the SDIRA) were going to put 20% down...does that have to be in equal amounts meaning 10% from me and 10% from SDIRA and everything is split 50 / 50 or can you still have normal deal partnership flexibility...so something like the SDIRA puts in the entire 20%, owns 50% of the property but gets a "preferred return", etc.2) Perhaps the bigger question is financing, I know there is SDIRA financing that is non recourse but that is typically for 50% LTC. 

SHe would have them come in from time to time to talk about issues that they've had and how they related to what we were discussing in class. 

If labor wasn't an issue and you were only concerned about material and sq ft $, then the most efficient structure is a small footprint two story.

We had an issue and were working on fixing it.

You hit the nail on the head - if you don't separate it you will have people issues at some point. 

Possible foundation issue.

I’m learning what I can though and I guess it’s all check on learning when you come across the issue

You mentioned zoning issues, is that the biggie?

Wasn't until formal property survey resulted in obvious problems with legal description that seller abruptly "cancel's" the sale stating their need to "fix the property description issues". 

I have come slightly close to getting out all of my initial investment in the short term but I have not gotten out all of my investment (purchase + rehab) out due to 1) typically we do not get 80% LTV (we typically get 70% LTV) 2) the refi appraisals come in below market value (common issue in san Diego).Therefore I have yet to achieve the infinite return in the short term.