If you have checkbook control you’ll have a bank account with a bank that has FDIC insurance up to $250k per account.  

@Tom Gimer since I know you have a background in law, and Account Closed since I know you have defended a creative transaction of yours in court...To me this discussion of Morby method only sounds ok from the perspective of 'mechanics of a transaction'.

We as the lender are tasked with estimating countless figures for customers even though the lender has very little control over most of the figures. 

They were going to check with their accounting team to see what they "could do" since we were not at all happy with what Hilany sent us.

Therefore, you may have a sizable gain without doing a 1031.Discuss with your accountant what the tax ramifications are with and without a 1031 exchange.

Brian Spears’ account still looks open to me.  

Entity Formation & Legal CostsExpenseLow Estimate ($)High Estimate ($)NotesSPV Formation (LLC or LP)$300$1,500Delaware LLC (~$300), legal service fees varyOperating Agreement$500$2,500Template (~$500) or custom legal workPrivate Placement Memorandum (PPM)$2,500$15,000Off-the-shelf ($2,500) vs. custom legalSecurities Filings (Reg D 506(b) or 506(c))$500$2,500SEC & state Blue Sky filingsAccredited Investor Verification (506(c))$1,500$3,000Performed by third-party verification servicesSubtotal: $5,300 – $24,500

I assume you talked to previous customers and looked at their work. 

These projects minimize entitlement delays, leverage underutilized lots, and provide faster cash flow than large-scale subdivisions or lengthy custom home builds.But is infill new construction (non existing structure) the best strategy in your market?

Some people are not familiar with regulations I would use AI to research and give me an output. 4: Create an accounting page so investors can see how much there portfolio is worth, profit, expenses, etc.