However, if you feel you don’t need a tax plan that complex, there are tax planners who specialize in working with real estate investors and can help you craft a tailored plan that’s more affordable.

Has anyone tried to operate a business on a plot of land with minimal development until it builds revenue for a structure (flea-market, private park, outdoor event venue, etc)?

This is a post-closing penalty charged by the Escrow Administrator to extend the renovation period beyond the maximum renovation term of 180 days in the event renovation is not completed within agreed upon terms.

This is also the best thing, because many out of state investors find it confusing and stay away, which keeps our returns much higher and wards off Wall Street investors from buying up swaths of houses, which we've seen in other markets.As an STR specialist, keeping up with zoning and regulation statewide is a huge part of my job.I also host monthly short term rental events for local investors, monthly webinars, and I also often get furnished, turnkey off-market STR properties.

But then she explained that it's on a certain land that allows it to be used as a short term rental and that due to its location between within 2 months of the year (when huge events take place, every year) it would make enough to cover its mortgage for the year.

.- 3rd Thursday - Folsom Out of Bounds (date may change for the months of Nov and Dec) Meetup Link  @Kevin Gleave- 3rd or 4th Wednesday - Citrus Heights Real Estate Round Table (CH Cafe & Grill) - they recently relaunched and stabilizing the schedule Meetup Link- 4th Tuesday - West Sacramento Real Estate Meetup (date may change if there is a holiday the week of that month) Check Meetup LinkI'm working on putting together a dynamic google doc listing current Link to Each meetup event with speaker and registration links.  

Since I'm funding the rehab I do feel entitled to understand the timeline and get some level of updates as we go because let's be honest, I'm a planner and would like to plug in when I'm going to get that first rent check and start building towards that next one.But as you stated, you didn't end up buying a house and going through the process that Tyler went through, or what I am going through now, so how are you to speak on actual experience other than what they said they'd do while trying to get you to close a deal?

I highly recommend attending real estate networking events to meet more people is this space and pick their brain and learn more from their projects and see what is working and what is not.

RE used to be so foreign to me until I went to a RichDad event I was totally mesmerized by the idea that I could possibly... own RE!

And eventually or even now, go to Real Estate Events all around Chicago, most of them are free and you can find the events on Meetup.com or Eventbrite.com (my company also hosts a lot of events every month that are free @A&N Mortgage which you can find on Meetup.com).Good Luck!