Nashville is a ridiculously competitive market.

I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

I have purchased an off-market property from an investor who now wants to sell the rest of his portfolio.

Agree 100% especially if they don't have capital and a capital sponsor wants 75% or more - something better than nothing especially when you don't have skin in the game 

Quote from @David Morovitz: I am researching Mobil Home Park funds and seem to keep circling back to Sunrise Capital Investors and Wellings Capital. 

Markets like Texas (San Antonio or Dallas) or North Carolina (Charlotte) could offer better cash flow with lower costs.

No capital gains! 

Know your market cap rate and you can quickly determine whether property is worth a closer look. 

The amount of capital required depends on the city's appreciation rate.

@Tori Rhodes faster ways to scale:Buy a portfolio from another investor- Get seller financing from a savvy one that doesn't want capital gains hit!