Its hard to reach the 1% rule here now. 

This area is going to grown big in next few years.

They have little to no experience!

All are good.I'd be happy to connect and help anyway I can. 

Speak with lenders - and consider that although they might agree they could lend to you today - they might not be able to when you need the loan.Unless the existing debt has no due-on-sale provision, there will always be a risk of the underlying loan being called.If it were to be called due:1.

A few questions to ask: 1.

In non-community property states a husband/wife LLC is supposed to be treated as a partnership  And transferring from a revocable trust (reported on your 1031) to a partnership LLC (that files it's own tax return) is changing the tax payer. 

Basis is what you paid for capex.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

I'd expect these to pop up along the route.