Not my scene, I'm originally from New Jersey.

Pricing, photos, description, and early guest ratings are critical for long-term performance.

I have never performed a lot-split, nor did the builder.

Originally posted by @Jasmine Zhang:This thread is very helpful and I learned a lot of information here.

Understanding these factors will give you a sense of how well your investment could perform long-term.I hope these suggestions help, and good luck as you get into multi-family!

I let them know, yes proceed on T&M not to exceed the original number and do not do any work above that number.Week later contractor finds an issue and says "hey, we have another issue and we can take care of it for $500, As it stands I believe I am going to come in under my estimated total." - So we authorize the work.Contractor submits the quote yesterday for $8k and is threatening me about it. 

The wholesaler maybe has it on a daisy chain so is trying to get his fee outside because he isn't on the original assignment contract?

Poor wording in the original post.I emailed the CPA and said that the advise does not seem to be correct and received the following response:"Forming an LLC alone doesn't automatically turn passive losses into active losses.

@Justin Cummings what was your original strategy when you bought these?

We self-perform the construction work we like to do.