In exchange for their mentorship I would provIde my time to work and contribute in any way I could while learning.

Yes, it is recommended that you have your own recordkeeping, not only to capture transactions not processed thru PM such as admin & overhead expenses, owner contribution/distribution, fixed assets, mortgages, insurance, etc, but also it's a good control to make sure all PM transactions are accounted for properly and completely.

Please consider:Looking to partner with 2 other individuals (no family connection whatsoever) on an 80 unit multifamily --  party A being my SDIRA LLCEach party will contribute 1/3 of the required funds and have 1/3 ownership---this is not a syndication but a partnershipBalance financed via non-recourse agency debt with one of the other partners being the Sponsor Property would be purchased under a separate LLC with equal ownership My contribution would be made not from me but from my IRA LLC  --  not sure if this would be a loan to the joint ownership LLC or my SDIRA would need to be on titleNormally a deal like this could and in this case would be structured with a couple of additional expense items:An acquisition fee and potentially a disposition fee upon sale say 1.5% to the individual putting the purchase or sale deal togetherAn asset management fee (this is not a property management fee but more of an administration / manage the manager fee)These fees typically go to a designated member and/or the person that puts the deal together (me) but technically I suppose it could go to another 3rd party -- it is not part of the asset value they are expenses So my questions:Can I be the designated person to oversee and collect these fees?

I did something similar - I cut contributions from 22% down to the company's match to save capital for RE investing, but I don't get 20%, I get 7%. 

For example if you work full time and make above the SOcial security limits a LLC or S Corp really makes no difference as you have maxed out your SS contributions. 

We're even seeing Denver home-shoppers and investors buying in our northern neighborhoods, contributing to the net out-migration that is being reported for Denver based on the cost of housing there. 

If I woke up in your shoes (But not knowing what other debts and stuff you currently have) I'd stay with mom, contributing to be above 'mooch' status and not just buy a 2nd primary.

It has many advantages over an IRA: not subject to UBIT tax on leveraged real estate, contribution limits are 10X higher, ability to take personal loan from it up to $50K, lower cost, tax-free investing using Roth sub-account grater protection and more flexibilityHope this helps!

I said I'd contribute $1,000 toward it, and that it had to be a white vinyl fence (aka no chain-link fence). 

You have all seen Ben's contributions to this site so you know he has a lot to offer.