However it's the structuring of how to buy them in sequence, the long term strategy, how to set up the business, I'm not sure what all goes in to a solid business plan for real estate.

@Ricardo TorresRegardless of how a loan is listed/structured - if you are collecting income/revenue - It needs to be reported on your return.If a property is converted from a primary residence to a rental - you get to start writing off expenses against your income.There might also be a window before you can do a 1031 exchange.Best of luck

Be sure that whatever structure you decide is best for you that you also understand how your business will operate to ensure that the structure or corporate veil is preserved.

I am looking for suggestions on creative ways to structure the deal that would protect the owner and myself.   

Or for those who have tackled meth houses in the past, are there other DHHS/EPA rules about clearing the old structure/lot?   

Sitting another piece of wood in place, putting in the support structure for the beam, but also leaving the jacks in place. 

Work with some qualified professional, i.e. attorney for starters, to help figure out how to structure this partnership.This all being said, figure out if your ~$40k now is sufficient to do anything. 

The verbiage for your structure will likely be a part of your managing entity operating agreement. 

Looking for thoughts on structuring the deal. 

It did not affect either structure, just the driveway.