I've been chasing this deal for over a year so this lending option might help me take it down. 

The key here is to determine what your goal is as you will continue to find yourself chasing new opportunities in perpetuity without it. 

Be careful and do not get attached to any deal or spend too much time chasing 1 deal. 

Someone needs to manage the business and be in charge.Then, I would write up an operating agreement that puts down on paper how each player gets compensated for their work. 

It is a concerning trend that people are much less likely to chase work across states than they used to be.

You will learn much more, much more quickly speaking to experts in this specialty field than chasing down rabbit holes on the internet.There are rules associated with keeping the tax-sheltered status of this money, largely around keeping things exclusively for the benefit of the plan and avoiding intersection with yourself, lineal family, or family businesses. 

After you've read a few books on the subject, then you may want to check out some podcasts which you can do a search on in your podcast player.

For example, a deal we are chasing is producing an average cash-on-cash of 9.11% over a 5 year hold but if you look at the AAR or "Average Annual Return" which accounts for sales profit it is an annual return of 15.78%.

Traditional investors are chasing higher returns. 2) Mortgage interest rates are at historic lows.

I don't shower) but when I chase rabbits barefoot in the jungle and run for my life flying from tree to tree as a female monkey tries to do the nasty with me....