I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

A cost segregation study was performed on this apartment building in Knoxville, TN with a depreciable cost basis of $17,323,250.

Ability to build a team5.

Dwelling (Building coverage)The limit should be based on the Replacement Cost of the building (cost to rebuild withthe same kind and quality excluding the foundation)2.

Have the co-op take out a loan for 60% of building value, then charge buyers 20% of value in cash for each unit. 

After years of focusing on my career and building financial stability, I’m ready to dive into real estate investing and start creating passive income and long-term wealth.My short-term goal is to purchase my first duplex or single family rental. 

I have been told by a contractor that the foundation of the building is intact, so it does not need to be torn down but requires a "gut renovation down to the studs."

I am eager and excited to learn from everyone and build relationships. 

I think a large part of building wealth is being optimistic and paranoid/scared to death at the same time.

They pile up fast.If you’re serious about long-term wealth building in real estate, protecting your portfolio is just as important as growing it.