Focusing on building knowledge, credit, and some capital is key.

I did one house I may end up taking a small loss on, we'll see.

So those are kind of my options- rent at a loss or sell for the balance.

A new build needs to perform better than that to make it worth your time, all the risks and capital concentration.thanks for the advice everyone and would be happy to connect with you: @Bryant Brislin @Dave Wells @Leilah Davis @Joshua Stewart I have been building 15 to 20 spec houses a year now for 7 or 8 years..Just curious, generally from start to finish, from closing on buying the land to collecting a check after building the house and after escrow, how long is the process taking you? 

@Steve EnglehartTapping into your Roth IRA or IRA for a short-term rental can be tempting, but the penalties and taxes could eat into your investment capital.

I have a followup question - I will realize a lot of capital gain from this home in Idaho, so I think unless I purchase a new primary residence I will have to pay that capital gains tax. 

I would imagine the LLC will have its own EIN, but we will still report the gain/loss as pass-through income on our joint tax return.

Itemized breakdown has ridiculous amounts for damages, thefts of toolboxes, medical claim, loss of use etc.

@Gregory Wilson can you be more clear about what you mean about a loss?

It seems to be focused in being a broker of COGO Capital loan programs or other private lenders within the Capital Syndicate network.