In my mind, at least, this eliminates this “send $650k to the title company with instructions to send it back to you”.  

Generally, you'll need to put a fair amount of money into the lot prior to building the home.

And, I would easily win any argument that the knowledge you receive from a seminar concentrated on a subject which, if used correctly, can net you thousands of dollars in income within weeks is worth thousands times more than any standard educational instruction in the basics of getting a J.O.B. 

Before I jumped into this type of offering, I would strongly vet their prior experiences in this area, who is doing the day to day management, what type of relationships they already have with Cleveland MHA since that is a target market.  

No LLC Needed: This keeps things simpler and avoids the state income tax associated with forming an LLC in Tennessee.Steps to Set Up Tenancy in Common:Purchase the Property: When you buy the property, instruct the closing agent or attorney to list both of you on the deed as tenants in common.Draft an Agreement: While it’s not legally required, it’s smart to have a written agreement detailing each partner’s responsibilities, the split of profits, and how decisions will be made.

And focus more on your Kitchen, Bathroom, Flooring and Paint (inside and out) for better bang for your buck on your ROI.As an Interior Designer, I've been working with realtors remotely to help update properties prior to listing. 

If fixed term rates move up prior to us locking in, that’s fine.  

You only have to have lived in it for two out the five years immediately prior to selling.So if you want to, go ahead and move out and rent your property and see how it goes. 

Generally speaking, I think that investors that bought in prior to COVID are probably in good shape.

The situation we are faced with now is whether or not we should take a chance and renovate one of the units bathroom and kitchen prior to selling in hopes of making a return on the money put in for the renovations.