This is the structure we were looking at which is more of a subsidiary structure and this applies to raw land development: 📌 Structuring Plan1️⃣ Set up a QOF to raise capital from investors.2️⃣ Create a QOZB to handle hotel & parking development (each separate land parcels).3️⃣ QOF owns the land & funds QOZB for development.4️⃣ Raise capital through QOF equity, bank loans, or JV partners.5️⃣ Develop the projects & operate for 10+ years for tax-free gains.

One of the things I'm trying to figure out is if I'm better off getting a few lower cost properties or on higher priced property. 

If you have any specific questions feel free to reach out I am always happy to help other BP members.

If you choose to set it up in Illinois (IL) and then file as a foreign entity in MI, you will end up paying two state filing fees, which unnecessarily increases your costs.

If it takes a year I am not sure if it's worth it.Thank you No program is worth $10k, everything you need or want to know is available for free already.

What was the of the $8,000 annual bookkeeping costs between the software and the cost of the bookkeeper?

.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

Consult with an expert or feel free to send me a private message to talk details. 

How much does something like that cost over there?

It would just cost you the extra service fee + wire transfer fee.