Maybe that area has a certain special restriction of which your architect is aware that I am not privvy to.

There is some room for creativity here, but it takes careful planning and execution, and there is only so far you can push it before crossing the line from aggressive but legal to reckless and punishable.GROUP 2: Legitimate tax strategies, just not for the EOY to-do listForm an S-corporation.

If not, then you really need a strong legal structure stating how these properties will be governed going forward, including management, tenant selection, capital expenses, etc.

Do not rely on it for legal advice.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

If you don't sign the contract and hire that agent, then they legally shouldn't be working for you.

The restrictions, requirements and timelines on these are very specific and one mistake can be very costly. 

Obviously this may vary by market but we would not accept partial payments as it does make things more challenging legally if you need to evict them.

Those that choose and can rebuild, will most likely not build back to the extent or scale due to feasibility or costs or unanticipated new zoning, infrastructure, insurance and legal variables.

Time is money and I prefer spending my time with my fam and friends instead of problem tenants and legal cases.