Sell before completion, sell retail, sell owner finance, refi and rent, etc.

sounds like your a good example of what i mentioned saying that BRRR isnt dead.

It sounds like your LLC is a disregarded entity.

@Charlie Green Sounds like you have a knack for finding the diamonds in the rough (I have a similar client in KC).

It gives you complete control over the property and helps you build the foundation for future growth.If you're planning to expand your portfolio, I strongly recommend partnering with a professional management company.

They e-mail me their background check from the hospital, or I have them complete one through tenantbackgroundcheck.com. 

That doesn't't sound like a bad idea.

I would like to subdivide the land into smaller 5 acre tracts, sell them, then complete a 1031 exchange.

@Kerry Hermann - the posts by @Michael Ewers and @Samuel Coronado were solid advice (I don't know Nita Cook whom Sam referenced, so that's the only part of his post I can not comment on).I second what Michael said about the market here - it was fantastic from 2017 (when I started) through 2022 - then it really started to crater in 2023 (although we still found some deals), and the bottom completely dropped out in 2024 (found one small commercial deal and one residential flip deal in 2024 - that's it). 

I'm not completely foreign to the construction process as I grew up around a family that was involved in home building, but due to living in another state I can't really lean on them for the direct, hands-on guidance.