Recognizing this, why not utilize that to Bigger Pockets advantage and monetize it?  

It has nothing to do with hate, and everything to do with being able to recognize an extra cost that could possibly pop up on certain turns.And if you still think there's some type of hate in this post, I think you were just reading it incorrectly.

I recognize this is not fully reflective of reality because even without an extract of value, value was added.  

It exemplifies the visionary thinking and risk-taking spirit that characterizes successful real estate investing — the ability to recognize the potential of undeveloped or underutilized assets and transform them into valuable and productive resources.Today, the legacy of the Louisiana Purchase endures, serving as a testament to the transformative power of strategic investment and forward-thinking decision-making.

Consider the cash flow timing - you'll recognize that gain in 2026, and unless the QOF does a cash out refi in the next few years, you'll likely need to source the cash to pay that gain from another source. 

@Renee JonesSounds like you need hard moneyA hard money lender could fund this but recognize they won’t pay a contractor upfront they will only pay when portions of the work are completed.

While we would like to cashflow at some point, we recognize that is likely downstream.

You just have to know how to recognize it.

Obviously the husband recognizes that the other two are not financially dependable .Fortunately they never put together four complete applications.

California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.