I have started to assemble my team over the past few weeks.

I am using your list to assemble documents now.

Focused on assembling land for commercial development.

So in this example, you'll pay:$28,500 x 12.4% = $3534 Social Security Tax$50,000 x 2.9% = $1450 Medicare TaxDepreciation is not a consideration when flipping and the profits are most certainly taxable.The IRS sees no distinction between buying a house, fixing it up and selling it as compared to buying a bunch of widgets, assembling them into a final product and selling it.  

While still doing a small amount of business in Las Vegas, we have recently zoomed into Indianapolis as our remote market and here we are :) Two weeks into this, we've met close to 20 buyers and now we are working on assembling our A-team in Indy.

My main responsibility would be assembling/managing a team of advisors, doing market research and finding deals, and securing funding for said deals.  

Yeah, what I like is the scrappers took all the copper - mostly water pipes so the environmentals are in need of heavy repair to bring it back to it's previous commercial usage....however with changing it to a storage facility I see a far less initial cost to bring it together.Security can be done pretty easily since it was previously set up to secure the contents being shipped in and out of the facility (loading docs and other features lead me to believe this was initially set up for assembly).

I also spent years in commercial development assembling land for large projects and developers before going into already built properties.I understand your position completely as I stay very busy with my company as well.

I got a killer deal thanks to the help of @Mark Updegraff, who's been invaluable in starting my REI business and assembling a team of professionals that is a pleasure to work with.As someone who is very driven and loves to self-teach, real estate provides a great medium for investment while not detracting from my day job.

When I as assembling land for a big commercial developer we would only go hard with the EM once certain commitments from anchors were in place and the chances of the project going through were at almost 99%.On the sellers side if I was representing the seller I would tell them that since the developer wants no skin in the game to put in right to continued marketing.