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.  

Quote from @Joseph Bui: Hi Nishil, I don't have any Indy rental properties but I know a few investors there I can connect you with.

This is messy, but try to bear with me:I have two Stessa Accounts: one for my personal properties(account "S1") and another for properties held in a partnership (account "S2"). 

I understand Philadelphia requires a local property manager. 

Property will be held in LLC.

Quote from @Tomasz Kaminski: @Chris SeveneyHow do you consider property value if you cannot go inside to evaluate the interior condition?

•If insurance costs are reasonable and the property is in a high-demand area, this could be a hidden opportunity because many investors automatically pass on flood-zone properties without digging deeper.

Hi Shea,It is a residential property and, yes, my strategy is buy and hold.

You could find less expensive property in a not so good area.

I stopped taking on any more properties where I would be theProperty Manager.