Does the time and effort behind designing, permitting, and building the ADU count towards the REP status?

My suggestion is to designate a GP (or General Partner) that will kind of be the "spokesperson" for the group and the rest of the investors would be called the LPs (or Limited Partners).

@Shyam Sridharan if I understand correctly this is essentially the interior buildout of a new construction retail space?

Also, I found 2 ideologies regarding such development projects: Use one GC for the entire development or use that GC only for crucial trades such as foundation, framing, roofing , external siding, etc. and use sub contractors for finish and interior work to reduce cost.

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Long-term, I’d like to acquire a property in Fairbanks designed for individuals like him who need higher-quality living arrangements and support.I’m here to connect with other investors, learn from those who’ve successfully navigated similar opportunities, and exchange insights on structuring deals, securing funding, and managing rental operations.

From what I understand, it's designed to replace a traditional security deposit.

New roof, gutters, fascia, some drywall and exterior/interior paint.

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.- Phase 2 (April 1, 2022)Applied to all remaining existing policies, transitioning them to the Risk Rating 2.0 methodology upon renewal.The new system replaced the decades-old approach to calculating flood insurance premiums, aiming to provide fairer and more accurate rates based on individual property risk.Before Risk Rating 2.0, flood insurance premiums were mainly based on whether a property was inside or outside a designated flood zone and its elevation on a map.