If you get an LLC, don't use those asset protection companies (they have ads everywhere) who will price gouge you and try to scare you - they gave me a quote for $14,000 to set up a Wyoming Trust over Holding Company over each LLC (one per property) for 5 properties and this isn't including the annual fees each year... ridiculously high. 

Bottom line is this: with Texas LLC (Texas Sec of State provides an on line FILL IN the blanks form ) it cost $350 to form the series LLC, there are NO annual fees, and only one “information report” (single 1/2 page verifying agent, manager and address) to file every year.  

The city has an annual output of $132 billion and a heavy concentration of Fortune 500 companies, making it a top economic metro.

As Bill said, you'd technically need to remit market interest of ~5-6% to avoid a related party transaction, but since $100-120 would be vastly below their annual exclusion amount, you can just say that any interest that would otherwise normally accrue would be considered a gift to you.

You can do it all on your own with a simple monthly or annual subscription to Privy.

Cap Rate is 0.43%, and Cash-on-Cash Return is calculated by dividing annual cash flow by total cash invested.The property's annual cash flow is $1,268, calculated as $1,268 - $2,932 based on a 20% down payment and a 6.5% interest rate over 30 years.

Even if we were to return 200K, that's still a 15% annualized return, which seems to make pretty good sense to us.Aside from the obvious delays in materials/construction, any feedback?

I think the interest rate is nice in this market but the return on your money annualized looks low, I am just curious what I am missing.

At the end of the year, I also usually get an annual statement summarizing all of the fees by category for my taxes. 

For that reason, we will assume a smaller 4.5% for the annual appreciation of real estate in Colorado Springs.To calculate the total appreciation value at the end of five years, we use the formula:Future Value = Present Value × (1+Appreciation Rate)^nFor a property with a purchase price of $450,000 and an annual appreciation rate of 4.5%, the value after 5 years can be calculated as follows:Future Value = 450,000 × (1+0.045)^5 = 560,781.8719560,781.87 - 450,000 = 110,781.87.