I found it very unlikely that the government would not want to get their piece of the pie, especially if they had purchased a new primary home.Donyou have a Tax Code or Publication Number you can share so I can study up and understand your thought process more in depth?

Regardless, just because these properties are trading doesn't mean they're good investments for your aims, so just focus on the numbers you need and keep on keeping on.One piece of advice is to maybe ease off direct to seller marketing and focus on networking with wholesalers and agents.

The biggest piece to me would be understanding how the priorities of those share classes play out, which should be outlined in detail in the sub docs and waterfall.  

The end goal is to have a piece of land with multiple houses: one for my growing family but also a home for my mother in law.My mother in law has agreed to foot the money on a new property/land up front and when ready we can buy land from her to build/develop etc. 

That will be an important piece to this depending on how you plan to source your capital.

Then chase down deals for him and take a piece of each one.   

Put down a nice piece of sheet vinyl.

Just a worthless piece of paper that validates a promise (legal obligation). 

Out of curiosity, what’s one piece of advice you’d give someone just starting out?

Ditch the cheap shower surroundPlease don’t buy that cheap five-piece shower surround that you saw at Home Depot or Lowe’s.