Each state has different rules and even within a state there are differences among the counties. 

I can understand from group dynamics the importance of having a good fit among the team members.

The lawyer engaged should understand your specific real estate investment endeavor... including who among the potential future members will bring true value to the relationship (and in what quantity), what may go wrong, and how to unwind it all.

I understand that there is some disagreement among the professionals on this topic.

Among the headwinds, are escalating lumber costs, a lack of affordable lots to build on and regulations that drive up the cost of construction.

But, they are scattered among the four corners of the neighborhood, not close to each other.  

-you’ll be using your local realtor association contract, which among things, already has the typical costs paid by both buyer and seller.

Please reach out among the CPA firms/professionals active in this community to help you with your RE tax strategies. 

Hamilton County has been booming the last decade and will continue to see more growth...Fishers has consistently been ranked among the Top 50 cities in the US....the challenge is inventory and ROI..this continues to be a sellers market and it’s tough to find “deals”...I don’t have data in front in front of me but the county website is a good start..if you’re looking at metro Indy and the “doughnut” counties, then I’d suggest Boone, Hancock and Madison - the exponential growth is in those counties....frankly, Hamilton’s hyper growth time has now surpassed...hope this helps

This has caused some consternation among the older residents.