If you can get better performance from your IRA investing in things like real estate and notes than in the stock market, then that can be a good choice.To compare investing in real estate with tax-deferred funds as opposed to non-qualified funds is not really that meaningful because the tax situation is so different.The question is not so much, "should I invest in real estate with IRA or non-IRA funds?"

I do a wide range of different tasks, from drywall, painting, concrete, a bit of plumbing and so on.

@Ali Boone How are the properties in the markets you are investing in performing? 

Assignee agrees to perform all covenants, conditions and obligations required by Assignor under said Agreement and agree to defend, indemnify and hold Assignor harmless from any liability or obligation under said Agreement.

Real estate attorney is the best person for legal contracts that cover every contingency you might encounter.You and your new partner need to clearly understand each other's duties and responsibilities and legal financial liabilities for failing to perform such duties in a timely and legal manner.Look before you leap and know exactly what you are both getting into.

Ultimately this depends on your marketing company's financial performance and the ability to service the proposed mortgage.

yes the northeast in general is under performing in comparisons to other regions. however you lose local knowledge,  but I would at least start looking at data.

@Mike Snyder there are a lot of tasks that I have a VA do in my businesses however, vetting real estate deals is definitely not one that I would give them.

https://en.wikipedia.org/wiki/Straw_borrowerOne way that I think this would work to protect yourself is for the two of you to form an LLC and have the LLC purchase the property and obtain the financing, with you providing the personal guarantee.As far as using a 15 or 30 year mortgage to perform a flip, hopefully a lender will chime in on whether that will hurt you from getting another mortgage in the future.

If the taxpayer materially participates in each rental real estate activity, his/her losses are fully deductible, and the $150k threshold no longer applies.It sounds like you are familiar with the test, but I will restate it her for the sake of completion.At least 1/2 of personal services in all businesses for the year must be performed in a real property trade or business and rental real estate.The taxpayer must spend more than 750 hours in real property businesses and rentals in which he/she materially participates.Both must be satisfied.