Are we required to pay FICA tax on the deferred income? 

The real prohibitive costs come from the legal, compliance, and reporting requirements of registering a security.

This will avoid a lot of confusion. 

All I stated is that solo 401K may help to avoid SOME Of the UDFI/UBTI taxation.

At that point, the clock will restart by 5 minutes after every counter bid, until the bidding stops.With mortgage foreclosures you'll want to guarantee that the property is vacant to avoid going through a messy eviction battle.  

My latest blog - linked here  "UNDERSTANDING FLORIDA'S EVICTION PROCESS AND LAWS"  provides a comprehensive guide to understanding the legal requirements, timelines, and steps involved with Evictions in Florida.

A partnership vs. disregarded LLC warrants consideration- you face different reporting requirements, limitations, etc. 

Most are probably going to require creative financing. 

From my observations of successful investors (those with 100+ units and 20+ years in the game), there seem to be two camps: those who are pro-partnership and those who avoid them.

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.