The street is entirely multi-family, duplex to triplex properties.The 5 parcels include two side-by-side oversized parcels that can each be split in half to create a new "normal" parcel for a net 11 parcels on the street.This new parcel has enough space to construct a new duplex with parking/back yard/etc.With the sale of the original 5 of 10 parcels plus the creation of the 11th, if purchased this would give me control of 6/11 parcels on this street.

I have never formally met Josh but he checks out online as a lawyer and I've spoken to him a couple times over the phone regarding LLC creation (which took long but finally made it through). 

Perhaps I could clarify - putting a price on long-standing personal relationships is difficult, and all i was advocating was the creation of a professional appendix of sorts for an uncle-nephew partnership without over-complicating it with percentages this early on.

That's not an investment nor is it wealth creation.

Long-term rentals continue to be one of the best wealth creation vehicles available to the average American. 

I get a bargain price and they get to live with their "creation".

@Mark Morris  I strongly suggest using a third party attorney or title company to handle the disbursement of funds (like your down payment) and creation of docs. 

@Angel M.I understand that the benefits of the self-directed Solo 401k plan are attractive to you, but again: you must have legitimate business or self-employment activity to justify creation of the plan.

For those who are focused mostly on wealth creation, Anacostia is probably their best bet.

Has anyone out there been part of the creation of a landlord association?