I look forward to meeting amazing people in this community!!

I believe that the Federal Reserve is going to cut rates by 25-50 bps at it's September meeting (no emergency cut), but that 30-year fixed rate mortgage rates will rise to upper 6s low 7s around the same time, and Commercial borrowing rates, including for multifamily, will increase as well. 

Your estate could still go through probate to determine how the LLC and other assets are distributed.You may be able to record a "transfer on death" deed for your property so it automatically transfers to another person when you die.

For tax purposes, it’s about whether you pass the 750-hour rule, the 50% rule, and meet the material participation requirements.

@Azita NejaddehghanWelcome to BP and DMV and look forward to meeting you!

From there, you can start to analyze markets that meet/exceed your required ROI.Hope this helps...  

Simplifying to a single operational entity (Series LLC) for rentals and management can effectively meet your goals while minimizing costs.

It takes time to meet people and get deals.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Here is what I know-$250k Strong (my client) = 1/3 = 7.33 Units Each$250k Elena/Investor = 1/3 = 7.33 Units Each$250k Mike/Builder = 1/3 = 7.33 Units Each$250k Investment = Profit $2 to 3.3 million.Purchase $2.2Build Cost $4.1Total Cost $6.3ARV = $12 to 22 millionProfit = $5.7 to $16 millionConstruction to take 18 monthsI am meeting with a lender and the developer, Mike today.