Anytime you're involving the govt it's a hair pulling nightmare.

Posting goals here on this thread can help to act as a form of accountability. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

It reminds me of the Charles Schwab study - their best performing retail investment accounts were from dead people that never closed out the account.

Having dual licenses, loan origination and real estate, has got me involved in most parts of the investment transaction.  

Looking to see if anyone has a basic template of an operating agreement for a business partnership of two parties involved in the fix and flipping business?

It's important to consult with an attorney or an accountant to determine whether an LLC is the right choice for your specific situation.You can reach out to me and my team who can guide you through the process and help you navigate any challenges that may arise.

It is our goal to deliver all of this in the RTR Academy along with a plethora of benefits to students to include:-VIP access to RTR inventory before the general public-ability to earn back course fees through investing & our attractive referral program-tax, legal & investing advice from our team of attorney, CPAs & investment advisors-no cost SDIRA or solo 401(k) account to invest through retirement vehicles -lifetime membership with no ongoing or additional fees, etc.!

While I haven't done new construction as an investor, I've been involved with them on the design and construction side. $15-$20,000 seems like a very small profit on a $500,000 house.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.