Real estate is so localized that most federal based policy changes don't have massive influence.I can see him (semi-)privatizing Freddie/Fannie.

They barely lasted in California (they are based on London).The challenge is (1) you are assuming all listings have open houses and (2) there are a lot of moving parts that can happen behind the scenes.

With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.

We are based in Milwaukee WI and have tenants from Milwaukee County and the City of Milwaukee and it's pretty much hurry up and wait. 

So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save? 

For this strategy you would distribute the property to partners based on their ownership share, dissolve the LLC and then partners collectively sell the property.

Are they commission based, flat fee?

There is a house at a foreclosure auction that has a subordinate security agreement based on the national stabalization program NSP through NACA.

The tenant base, on average, tends to be rougher on the properties, moves more frequently, and cannot absorb any rent increases.  

I would underwrite buyers based on stability of income, financial payment history & ability to pay.