Builder’s risk insurance isn’t something that gets talked about enough, and your experience really highlights why it’s so critical.

If your role is critical to the project's success, aim closer to 50-50.

I'm all ears and eager to learn from your experiences, hear your ideas, criticism, tell me I am crazy!

Hi @Jefferey Eutsay,This deal has potential, but there are a few critical blind spots and questions to address before making an informed decision:Cash Flow: What’s the current and projected NOI (Net Operating Income)?

As @Jay Hinrichs said, it's not something to toy with unless someone really knows, not just thinks they know but really truly holds commanding knowledge, and resources, for all facet's of SubTo. 

As long as you keep track of everything and report correctly you should be good to go.I'm always in the camp to Keep It Simple Stupid when it comes to running stuff through LLCs until you hit a certain critical mass of assets and/or income.Hope this helps!

@Carini Rochester there’s a huge critical mass building at four corners.  

You won't be forced to de-convert unless you have violations...eventually the city will start fining you.Very critical terms are non-conforming (no violations - grandfathered in) vs. illegal (violations)...

Flying in monthly helps, but having a local contact (realtor, manager, or trusted partner) is key for regular updates.Use tools like progress photos, video calls, or project management apps to stay connected, and schedule visits at critical stages of the project.

However, as many will tell you on this website, know your market so you can be more critical when looking at the pro forma.