Just to clarify, when I say timeline dates I don't mean just "project to be completed by (Date)"That's required by FHA/Lender, but in my 20 years of construction experience not nearly what you need haha. 

Are we required to pay FICA tax on the deferred income? 

In addition, the Grantor will probably be required to sign the same seller's affidavit that are needed for a non DIL closing. 

This of course can be scaled up as well for better profits, if you have a 1 acre lot, you can probably fit 2 buildings with 4 units each (depending on zoning requirements), or 4 buildings on 2 acres and so on.

The growth of 1.6 million additional residents will require investments in infrastructure, housing and transportation, the organization added.The numbers were provided by the group’s research team with data from the North Carolina Office of State Budget and Management and the South Carolina Department of Revenue.

You prpobably don't care about Ohio, but their requirements might be instructive.You can only file January 1 through March 31.

For the first 4 loans or so, lenders are going to be less aggressive (requiring more down) than if you have several under your belt.

And this might indeed require some time to pass before doing that.You could still create a single member LLC with either you or your wife as member. 

Department of Housing and Urban Development (HUD) and Bankrate, the big perks of an FHA home loan are:Lower Down Payments: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home’s purchase price.Lower Credit Score Requirements: They’re designed to help buyers with credit scores that might not qualify for conventional financing.

Some require inspections on visible wiring etc.