I was the seller doing a 1031x and it lowered the net sale.I didn’t realize the closing statement items were handled a different way and not included on the SchE.

Never invest in any city on this list of the 50 most dangerous US cities.Low operating costs: High operating costs are one of the driving factors for many companies, leaving states with high taxes, regulations, and other costs.

By making partial dispositions, you can also avoid subsequent recapture on these items when you go to sell.

Regarding next steps, I agree that the best way to approach this would be to have one person act as boots on the ground and the other person handle the back office related items.

-Why not include a contingency line item in your construction loan rather than raise the contingency funds from your equity partners?

Improper reporting of big items such as mortgage interest. 

I would stop work until an itemized scope of work and cost to completion is established.

I use this type of system in a ten unit that I own because the cost to submeter each one was cost prohibitive I usually don’t include other items like wifi/internet unless it’s a furnished/short term rental. 

Items such as this that could be easily replaced by almost any LL at a very minimal cost, will turn into a $135 aggravation at best if you overlook it!

I have expierence in new construction, that's not a problem.Here is elaboration on the last 2 items:2.