Here’s a quick breakdown based on my experience:Building new construction gives you full control over the design and materials, allowing you to incorporate the latest energy-efficient systems.

Here is the summary if you are interested.In this case, the main question is when did the investor completed his start-up phase and became actively engaged in his business.Whether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business: (1) whether the taxpayer undertook the activity intending to earn a profit; (2) whether the taxpayer is regularly and actively involved in the activity; and (3) whether the taxpayer's activity has actually commenced.

In such scenarios, recourse may involve engaging an attorney to initiate a quiet title action subsequent to the foreclosure process.

Your goals need to align with whoever your potential investors are.I would schedule a call with a securities attorney, such as @Kim Lisa Taylor to walk through your structure, returns, and business plan, especially if this is your first syndication.There will be demand for your type of deal, especially investors who want a flight to quality in this part of the market cycleGino Thanks Gino, I have already had engagement with attorneys and I am moving forward.

We also have absolutely insane tenancy laws designed to protect tenants and make landlords' lives difficult.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Still on my radar, although I may stick to slab/stick built basic build designs.

For instance, selling properties may result in capital gains taxes, while a buyout could have different tax consequences.Legal Guidance: Engage a lawyer who specializes in family and real estate law.

Anyone here have any experience or background in fitness center design?

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.