Can anyone simplify this process for a newbie?

That's over simplified, but you get the idea.So, if you're willing to sign up for something like one of those, you could figure out a value, figure out the value of the annuity payments, then set it up legally with a lawyer.

As mentioned, building and zoning codes are difficult to get around, high density is required to make financial sense and, practically, I think interest is more around peoples desire to simplify their life than to live in a very small space.That said, I would like to try a project with houses in the 400 to 700 range, and maybe a few tiny's included.

I'm simplifying it but if this might work for you I would talk to your IRA administrator.

In this agreement, the capital partner holds title and the real estate investor manages the renovations and markets the property.This is a very simplified version and is intended to be a template whereby you fine tune the details with an attorney to correspond with your goals.Once you have a completed agreement by your attorney, you can keep using it over and over again.

I prefer to recommend an LLC as it allows corporate benefits, with simplified filing and fewer tax consequences.

It simplifies things for you.

-Rewrite the tax code so it's simplified, understandable, and fair.

Mine is complex with excel spreadsheets, etc and I'm looking to simplify.

It seems to me this type of setup could simplify things, and might be a good way to go for a first property.