The Seller's broker proposed a price reduction of $50k, which pissed me off.

@Drew Carpetner the beauty of a JV is that you can propose the structure in any way you'd like and negotiate with your partner. 

I have a feeling this is where you are at.Sometimes the Alderman's office or community group will want to see what you are "proposing" to build before you can get their support and actually get the Zoning Change approved; however, technically architectural drawings are not reuired (by the Zoning Board of Appeals) for the map amendment process.Feel free to contact me directly if you would like me to look into your specific property in more detail. 

I should focus the proposal more on the potential interest opportunity vs the tax implications. 

@Eric James a couple of reasons for the double close, but you're right that many use it for "hiding" the buyer from the seller or vice versa, some only do it so they aren't having to assign or disclose their fee and then there are places like NC where if you don't 100% disclose to all parties fully explaining the full process then ONLY double close WITH funding the AB side is allowed due to new legislation from the NC Bar. 

Your property taxes might be going up if a new plan passes.The legislative proposal -- which passed a key legislative hurdle yesterday -- would classify short-term rentals rented for more than 90 days per year as commercial property for property tax purposes. 

But  as noted, an arrangement can take on any number of shapes so go in with proposing a relationship based on what you want but with other options in your back pocket in case it doesn't align with what your friend is interested in.   

The general partner(s) should have communicated the reason for the capital call, exactly what the money will be spent on, and outlined their proposed plan to success.

The on-paper profitability did not reflect the true potential of the enterprise, and I knew transformative action was needed.Approaching the four distant owners, I proposed a comprehensive solution—acquiring both the business and the property.

Instead it looks at the properties rental income "Current or proposed" (Can be vacant) - goes off of appraisal 1007/rent schedule.