Teaching personal finance, woodshop, home repair, car repair (the mechanical part) and cooking should be required at every high school.

That was shut down by my neighborhood with in months and I ended up selling for around $50k.Huge failure that was offset by the appreciation of my fourplex.

I graduate from the University of Utah in the spring with a mechanical engineering degree.

It will be an extremely risky proposition and likely end up in failure.

As you can see your failure to manage and communicate and also making assumptions to get out of doing the work to deal with the changing situation causes you a lot of hassle in the end.

More to the point, the mall is a complete and utter failure.

I was having difficulty researching the mechanics for how to actually report to the IRS and on what forms.

In my opinion, you want something that will protect you, but is also understandable for everyone signing.Keep in mind that at the end of the day, here in Illinois, the state is generally contractor-friendly in the court of law, so making sure you document everything clearly with payment will protect you against any potential mechanics liens.We have had several projects that did not go perfectly here in Chicago because we overpromised and didn't keep tight enough documentation. 

If it’s in there, and they aren’t following it, follow @Evan Polaski’s advice above regarding sending written notice of their failure to comply with the terms of the operating agreement.  

Would love to hear any successes or failure stories of poeple who have bought vacant land and built successfully on it.