Quote from @Michael K Gallagher: @Rob Ibarra Converting non restaurant space into restaurant space can be fairly costly from what I understand due to the need for larger than standard water lines to service the building and a general need for grease traps and other restaurant specific infrastructure.My first question around going from abandoned auto shop to kitchen is zoning, could you even get the use approved, and then are their any environmental factors in play? 

I am interested from hearing from everyone that has a single-member LLC (SMLLC) that is a disregarded entity is generally reported on the owner’s Form 1040, Airbnb, flipping, wholesaling, to complex 1065 filers under subchapter K. 2.Accounting Costs: How much are you paying for ongoing accounting services?

@Michael K Gallagher I wanted to take a moment to thank you for the advice you shared with me about getting started in commercial real estate.

Be aware that if you have a 401(k) or IRA, your fees are hidden and you are paying a lot more than you think for those fees.

@Kristi K.

2 Person Partnership LLC (Form 1065, K-1s to Partners) owns Rental Property which is planned to be sold.

I had to mail mine in MULTIPLE times because each time they received it, they found YET another thing to reject it for (not signed properly, points not categorized under each broker, business entity not organized properly, etc. etc. ) - imagine how backwards this is when they could just go through the entire application and tell you in one shot all the deficiencies you need to rectify and to mail it back again. 

@Michael K Gallagher We originally planned to build three houses on the lots (1/3 -1/2 of a block).

@Ashley Gamble@Steve K. hit it on the head.

My 2 siblings and I now have separate trusts derived from Dads (we all get a K-1).