I live in the Tyler, TX area, but I hold my mortgage licenses in Pennsylvania and Texas.

There is always risk, and these are highly risky and regulated techniques.

Anyone can live anywhere they want if they have the money, and sometimes houses are bought and then rented out without much background checking on the people moving in.

I’m new here and super excited to join the BP community!

I do a combo of short-, mid-, and long term rentals on the northside of Chicago and surround suburbs.

They are not buy and hold forever type properties. 

This is prime real estate, and is just about the last piece of land in this area.I have begun to develop a commercial property that I own with contractor garages, which is the extent of my experience in this space.I'm trying to get a sense of how to structure something like this, with using LP's, and also partnering with a builder, and carving something out in that regard.Does anyone have recommendations on who is currently working in this space and could provide some insight?

Get some policies and procedures in place.

It's also easier to figure out all of the pro's and con's a head of time to avoid lost time and money.  

And btw...