I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

Quote from @Jay Papasan: Quote from @Jose Alonsoo:Good after noon real state family.I have an opportunity to but a sub to property right now.

You're likely best off wholesaling the property and using those funds to invest in the deal or invest in something else.

I also know I can look at ways of borrowing against that equity (HELOC for example) but I also just feel like if I take debt on that property the cashflow goes down, and then if the association also takes the loan it goes down more, and at that point I don't know why it would be a better option than selling before August. 

If it was bought as an investment property, it works great as an investment property. 

If you buy a different investment, you'll still need a place to live.Buy a house hack every two years and you'll have five properties and 40 unis in ten years.

Congrats @Emily Pena - I'm also an agent (working mostly with investors), property manager and an investor myself (currently owning 26 rental units). 

Like many investors I'm looking to get my real estate license to help speed up gettong access to, view properties on my schedule, have access to the mls etc.

I  Income:  The amount of property you can buy will be dependent on your Debt to Income ratio.  

So, the wholesaler can say things about a property with MUCH MUCH MUCH less scrutiny than an agent can.