Nice work and thanks for sharing David!!

When I list this asset on my PFS, I list the value of my ownership units, not the gross value of the real estate and my “share” of debt. 

The rental market here is really good and id love to share more info on that Birmingham is one of the worst appreciation markets in any major city in the US. 

Since fix-and-flip income is classified as active income, taxed at ordinary rates, this setup helps minimize overall tax liability.To protect both members, draft a detailed operating agreement outlining roles, ownership percentages, profit-sharing, and an exit strategy in case the business dissolves.

Some areas allow commercially zoned properties to share one large septic system (think sandmound or gravel type system) or would they require an individual on-lot septic? 

Let's connect — I’m all about collaborating and sharing insights.

Right now, I’m in the process of sourcing land for our first project.Happy to connect and share insights.Wishing you a great holiday as well!

Then, I would share with them how you manage properties and what your expectations are for them as well as you - essentially explaining how you work with people renting from you.

The brokerage doesn't matter as much unless you are selling off market and they can share within their office.

Happy to share insights or help however I can, no matter where you decide to invest, or tell you more about Chatt!