Reason for the LLC is not for liability reasons, but for other business reasons as I have employees and having the business in a different entity would simplify things for tax and insurance reasons, particularly workmen's comp.The advice I got is get enough good umbrella insurance for the first few properties.

Have the QOF acquire the land.I've greatly simplified for brevity.

That greatly simplifies the purchase process.

Also Simplified management is the PM, Doug Mercurio did the legal work and JDCU financed it.

If you want to compare across investment types use IRR or ROI (a simplified IRR that ignores time value of money).

Obviosly super simplified example numbers, but just so you understand the magintude.You can avoid that with a 1031-exchange, which allws you to kick the tax can further down the road (it's still there, just shelved for later).

@John Warren happy to connect I do already have a PM company (Simplified Management) stood up and 2 full time admins that support my real estate team but everyone has plenty of work to keep them busy at the moment.

Considering you have roughly $15k liquid available, I would aim to simplify the entire process and focus on small flips for the time being.

@Abigail J SteinertMost often it's a matter of leveraging one's capital.Below is a simplified example of why one might use OPM (Other People's Money) to finance his or her projects.Let's say that you have 100k, and it costs 100k to do one project (along with several other 100k projects in your pipeline).Let's say that you have a lender who is willing to offer you 80% of the project cost on each of the projects in your pipeline.You can do 1 project with your own money, or you can do 5 projects simultaneously using the lender's money.Using the lender's money (leverage) is a way to scale much faster in flipping.Hope this helps,Michael

It's a great wealth building strategy - and it will simplify your life which is priceless.