page=8 I would start listening to every podcast and webinar that pertains to this potential deal. 

There is quite a bit of good information pertaining to the protection of LLC including some input from a lawyer or two.https://www.biggerpockets.com/forums/51/topics/381974-has-an-llc-ever-protected-you-first-hand

I was mainly interested in what people have typically held in reserves when purchasing a property as it pertains to “backup” funds in case you need budget to support unexpected events for example.

Please do not click any of the links in this post that pertain to: "mailfreepostcards" "freewebpostcards"This are links to malware that infect your computer and add the links on all posts you make.

Not through activity pertaining to several. 

Over the last couple of weeks I read 4 books pertaining to creative seller financing strategies that gave me some background.

Consult your own CPA for specific guidance as it pertains to your unique circumstances.

Misrepresentation/omission.Actions constituting misrepresentation or omission, or both, include: Using "bait and switch" tactics by advertising or offering real property for sale or rent with the intent not to sell or rent at the price or terms advertised, unless the advertisement or offer clearly states that the property advertised is limited in specific quantity or for a specified time period and the licensee did in fact have at least that quantity for sale or rent at that price or terms at the time of advertising;Failure by a licensee representing a seller or landlord as a standard agent to disclose in a timely manner to a prospective purchaser or tenant all material adverse facts pertaining to the physical condition of the property which are actually known by the licensee;Failing as a licensee to tender promptly to the buyer and seller every written offer, every written counteroffer, and every written rejection to purchase, option or lease obtained on the property involved;Failure by a licensee acting as an agent to disclose in a timely manner to the licensee's client all material facts related to the property or concerning the transaction when the failure to so disclose would constitute failure by the licensee to exercise ordinary care as defined in the brokerage agreement; I guess it  varies from region to region, but I figured things like this would be standard.

PM me if you need an opinion on capitalize vs expense as it pertains to your fact pattern

I'm basically looking for any/all advice pertaining to estimating new construction costs, assumptions, the main risks, etc - so I can perform a cash flow analysis for building a rental on this lot.