Also, would you recommend this strategy to a new, unexperienced investor?

I’d recommend option #3—replace the sofa bed with a comfortable sofa and acknowledge the upgrade in your response to the review.

I recommend you call a local agent or broker to give you a better lay of the land so you understand the challenges/opportunities in this area.

If you can come in and operate effectively I think you'll find success rather quickly due to that.BTW - for a property management platform I would highly recommend Buildium.

I would actually recommend using the agent finder for the market your looking to get started in to find you an agent that specializes in out-of-state investors in your chosen market.

This is prime real estate, and is just about the last piece of land in this area.I have begun to develop a commercial property that I own with contractor garages, which is the extent of my experience in this space.I'm trying to get a sense of how to structure something like this, with using LP's, and also partnering with a builder, and carving something out in that regard.Does anyone have recommendations on who is currently working in this space and could provide some insight?

These are usually from personal connections we have made through the years and the investors usually want proof of experience to participate in any deals.Can you recommend any lenders in particular for SBLOC product?

I do not recommend this level of tax fraud as the consequences can be serious.good luck

In general, would you recommend getting a lawyer in the area where the LLC is registered?

I recommend buy a primary home where you want and invest where the numbers make sense.