Just trying to figure out the logistics of using the empty lot as a parking lot, if it makes sense or not or if its even feasible.

The size is a bit awkward (think: looks big enough for an island but is actually just too small to logistically have one).

For passing it onto the kids, my understanding is that it's best to have the properties in a living trust so there is no inheritance logistics, it just becomes theirs.

Doing a cost analysis also should include logistics. 

I've never done a deal like this before so I'm working through the numbers and logistics and learning as I go. 

Proximity and identification of higher worth asset pockets becomes difficult/volatile to predict.Political environment and societal expectations that can be borderline ideological with regards to the aboveIf the crime does not get under control (see the above thoughts on education, gini, poverty, etc) this will weigh on perceptions and asset values for years to comeOn the upside:Indy is positioned well as a logistics hub which fueled growth, and it has a reasonably diversified economy.There is access to high quality higher education in the area.I will not invest in Indy although I did look at it awhile back.

The logistics of using a land trust to secure financing, while enjoying the protection of an LLC, are laid out in this article: https://www.biggerpockets.com/renewsblog/llc-lendi...Ultimately the goal should be to keep as many financing options available while ensuring your asset protection is solid.

Hi All,I’m new to the real estate investing world and have been educating myself a lot on the logistics of how this all works.

-----------------------As you can see above Option 1 had an amount of labor that would be logistically impossible to devote to every client & still remain profitable given the amount of money a client pays to the Property Manager every month.

so you'r son is a real estate investor from 1 day, nice ;)thanks, i'm definitely trying to do just that, regarding multi family, i am keeping all my options open, i think i would like to start with a single family house, to get to know the business, since i'm not from around here i also have a lot of logistics to handle on top the of the rental. as it said, i'm really keeping my head open. so open that currently on the table is investing in multiple countries not just the us :D