I'm skeptical you could do a 4-plex for $775k all in, particularly if you're building in Alaska where everything is much more expensive - from materials to labor.

Two, we don't advertise ARV numbers or Rehab numbers on our marketing material. 

We made some adjustments to our pricing earlier this Summer 2022 to reflect some material pricing changes that we have seen.With that said, construction pricing can vary substantially based upon many factors including the project location, property type, specific SOW, material selections, contractors used, season of the year, etc.In fact, pricing can vary substantially from investor-to-investor and every investor will have different prices they use. 

Since LA has banned STR for more than 90 or 120 days, requires one to live in the property for 9 months or so and ADU's or guesthouses cannnot be used as STR, how does a host pass the Material Involvement test?

I wouldn't buy a brand new home from brand new builders that do not have enough experience or those who use cheap material.

Some of the members/partners may not be eligible to use the STR strategy if the other members are material participants. 

Before I would personally buy a course, I would listen to/read all the free material on out-of-state investing (there's a lot out there). 

Generally a church in the neighborhood is a willing donee because they can use sweat equity and donated materials to make the property habitable again and either sell it or rent at below-market rents to someone in the church who needs that assistance.

Finding the property, negotiating, finding and managing any subs for work he would not do (such as plumbing and electric), purchasing materials, doing quite a bit of the labor. 

This means that the taxpayer that completes a Monetized Installment Sale has to disclose they completed one on their tax return and any advisor that materially participates in the Monetized Installment Sale has to disclose that they did so.