Which would make federal prosecution the most appropriate.

your woefully undercapitalized to take on such an endevour.. find a money partner.real estate is no different than any small business.. many fail and those that are undercapitalized at the outset fail in a much greater frequency.and yes 15 caps have HUGE risk... and are appropriate for those that can stroke a check for them

Put this in Off-Topic, not sure if this is the appropriate forum

We will obviously set this up through an attorney, but I'm interested in hearing BPs thoughts on the appropriate % breakdown for a situation like this.

With that list and a mortgage preapproval I feel ready to make a move should an appropriate property come up.  

Pearce... it depends on which spot in Summerville, but given the recent and planned growth, you could have a valuable tract if already zoned appropriately.

Currently, there are a few properties owned by the LLC and we can cash out refi through existing members credit and buying more properties.My question is which kind of Trust would be appropriate that would still give the LLC full control of the property?

I also have rows that show how much equity we're building every month so I can get a full picture of what we're "making" on the property.Playing with the purchase price at the top allows me to determine pretty quick what an appropriate asking price is.

The common thread is to find your lenders locally and in person, check appropriate licensing, prepare a list of questions to ask, and obtain references from other borrowers that have used them.Here are a few threads that will get you started:How to Vet a Private LenderPrivate Money Lender – How to Qualify the Lender?

Also where do you look to find this data, I always love to learn more so that I can take the appropriate steps to succeed in Real Estate.