You can't fix structural economic problems with monetary policy.

Generally tax status is established by filing an 8832 or 2553 if electing corporate tax treatment, or by filing an initial return if electing default status.You'll want to run everything by your attorney and CPA as it seems you're going with a semi-complex structure.

How would we structure a profit split if they are wholesaling by contract assignments?

You can have 1 investor and that could be a sale of security if investor is passive and not structured properly.  

What type of deal structure are you proposing when you say "co-invest"?

Looking for recommendation for a spot builder in Largo, FL.Demolishing current structure, building new home on parcel.Cash investment group.

If they have structures but were incorrectly assessed as land only, then the taxes were too low.

In that scenario you would pay 8-10% private and 10%-15% for the capital.Some people do a 50/50 JV with a money partner.Lots of ways to structure it. 

Doesn't matter where it is or how you structure it; if you physically live in the building, you won't get anything other than an owner occupied loan on it.Advice is move out. 

The structure and roof are in great condition and the property has been very well maintained.