I hope it works out for all involved.  

Additionally, when comparing whether to build a single family portfolio or a comparable multi-family portfolio, you should also keep in mind the transactional costs involved.

Going this route is more involved and that makes it more costly too.

🧐🤓The account looks super sus.

Unlike our real estate investment, there weren’t hefty transfer fees involved in either the purchase or sale.

@Alex R.I would be weary of anything involving Suncoast Property management.

That's because the city won't calculate the actual amount till a structure is built, aka it's not just a plot of land anymore.This will obvious cause your property tax bill to go up and also your mortgage escrow account as well (sometimes these things can make your mortgage shoot up a few hundred a month). 

For the most part all you do is monitor your bank account.  

Of course, you would need to do your own research and due diligence when purchasing a company but perhaps that's a way to get involved in the trades in the owners seat.

There are some accountants out there who say that the very act of doing a 1031 exchange is an attempt to avoid tax and so a 1031 purchase from a related party is a non-starter.