LLC with S-corp election saves you the double taxation, you can put yourself on payroll as a W2.

I have a client with a rental in Granite Bay.   3100 sq foot 4 bed 3 bath with a possible 5th bedroom.     

Exactly what @Noah Wright said and I would double down on #2.  

We would be installing a street and double stacking townhome style units on each side.I part I don’t have experience with necessarily is how to better understand infrastructure and site work cost (road, utilities, excavating, etc.

I have found people to partner with to do deals, and have earned back double my cost of joining after only being in the group for 1 year. 

Rent assistance is also provided by other factors such as number of bedrooms and if the Landlord is providing any of the utilities.

However, IF I suspected that something was being misrepresented with their financial picture I might ask for bank statements to double check.

My interest-only monthly payment, including taxes and insurance, is $2,298.Phase 1 of the project was a gut-renovation of the existing home, which we converted to a three-bedroom, two-bath home.

It should not be of the bedroom.

However, prices were stable or dropping at the time.When prices double in four years and rates triple in two years, it has a significant impact on what people can afford.