When I mentioned you "Sell" the land they need to own it to use the lands equity.In the LLC or partnership agreement you can assign an ownership percentage based on the value of the land.

Hi Kevin, the closest think I can think of for you would be to have a partner who supplies the liquidity on your Operating Agreement.

Drill deeper at the bank, you can't be the only Series LLC.Each cell generally must have a registered agent filed in your state, it's name and its own operating agreement.

However, it is clear you have an unusual partnership agreement so it is best to consult a CPA.On the other hand, real estate is not a liquid asset. 

I always get a good  laugh when I sit down at a retail branch to open a business banking account and the banker glances over my operating agreement for 2-3 minutes.

While this might be something that Buyers are not used to because they are not comfortable getting into an agreement with an agent.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

We wouldn't start custom coding without a formal agreement in place.Your monthly or yearly spend isn't a determining factor for us.

The scope of your property managers responsibilities will vary, and it is crucial to read your property management agreement whenever a dispute arises to familiarize yourself with your rights. 

You want to make sure you can handle the fix and flips you have going on and as part of the agreements I recommend having an extension in the loan agreement.