You know, im not really one to believe in property managers, but I do respect them. 

I know I will have to report the LLC’s profits but I’m confused as to how to handle the draws with respect to the IRS.

We have found that most owners are very respectful of our place.

What price range, number of units did you have in mind?

This is a lot of land so also keep in mind the logistics of how guests will arrive to their respective sites, parking, guest interaction, etc.

A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.If you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

We aim to create a harmonious living environment by adhering to all relevant laws and fostering a community based on respect, transparency, and continuous improvement.

In your case, based on your assumptions, you’d reach around 384k, which is in the right range.

If you are spending 325K on buying and 200K on rehab all in you are at 525K, you'd ideally need the ARV into the 600/700K range to give cushion and room since I would assume you would do a refi at the end.

Overall, I still have a lot to learn in all of these respective areas, but having dipped my toes in so far has been a great accelerator to my current understanding.