I have been browsing the site for the last few hours and checking out some of the forums.

Phoenix NY is only 10-15 minutes northwest of the Micron site, and is a small and relatively unknown village.

Picture a developer that purchases a piece of land and has sites to build on (or build model homes).

Understanding the impact of operation expenses and cap ex when those events occurs is really critical to the performance of real estate. 

The IRS typically requires the same entity that performed the 1031 exchange to continue owning the property to maintain tax deferral.To avoid any unintended tax consequences, it’s crucial to consult with a 1031 exchange expert or tax advisor before dissolving the LLC or making any distributions.

The key is to have a team in place that performs for you and that you trust...no matter how you structure it.

What "is" financially responsible is easily accessible to find, as is the simple math performed above.

I have been finding out the high costs of conversion if the site isn't ideal for it.

I just listed one of my units on the site but no one has reached out yet (2 days).

How does material participation occur unless you are on-site managing / co managing the build?