If they wait, the investor's funds may be allocated to other investments. 

On the other hand, if you are a dealer of a flipper, then you need to consider this election since you will be exposed to Self Employment taxes and the S corp election can help reduce that through salary allocations.

But how do I allocate the building value out of that?

Does the general take care of hiring licensed subs and obtaining work within a budget I allocate him?

We are not clear about how to explain to our potential members how the qualification process works in relation to the qualifying process.We've been told that TIN will represent the members "collectively" instead of each member having to submit personal information everytime a property is purchased.Please give us insight on the process as it relate to an LLC Investment Group.Thanks,EdED the TIN reflects the company as a wholes and the way the partners percentage is allocated is in your llc management agreement which then reflects on your K1 report that are given to all the partners at the end of the year for their tax filings.

How do you allocate rents systematically for future replacement of roofs, water heaters, furnaces.

You also would setup one class called "general" for expenses not allocated to any one building.

If you have questions pick up the phone or email someone.By the way once a shelf corporation is activated meaning that the transfer of ownership has been completed it is no longer a shelf corporation but rather an active company doing business under the laws of the state where you do business in and it is registered with the secretary in your state which you as a person is either the sole share holder or if there are multiple partners then it is legal structure according to the share allocated to each officer of the company and filed that way with the secretary of your state.

Vacation property deductions are reduced according to the percentage of time the unit is available for rental versus time allocated for personal use.

They decided to sell off some smaller projects even with a small haircut to allocate time to the completion of larger projects with more potential.For some reason or another your property owner decided to pull out of this and not finish and let someone else take the risk.I have a retail strip center with an anchor grocery that at the last minute close to where I live they pulled out.