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I'm a person want to go to another label buy and whole

The Lease Option Memorandum that Jay mentions is something I personally use on my deals, but there are other ways to structure lease option deals.

find a mentor in your area, it will save you tons of money in the future if you pick the right person.

But I think a more personal introduction is in order here!

I couldn't care less how much money another person is making if I am buying their property.

The IRA would be on title and the loan would need to be non-recourse, meaning no personal guarantee from you.The non-recourse lenders that would look at such a deal would likely want to see about 35-40% down and 10+% in reserves in the IRA.The use of debt-financing in an IRA exposes the IRA to UDFI taxation.  

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Just started developing a personal portfolio, looking to get into more multi family rentals.  

In FL, I believe RE sales associate can form business entities for tax purposes but it must specifically be the name of the person such as: John Smith, LLC.