I'm new and understand reserves will be required until it can be rented.  

@Jennifer Fernéz purchasing a commercial property such as the one you are describing usually requires 20%-35% down depending on the current rent rolls. 

This is interesting, is there a requirement for how many builds to have in inventory to be considered a developer or is one sufficient for this tax incentive ? 

I figured I would invest in real world experience instead of paying a guru $20,000 to teach me what I could learn online.

The good news is that the tenant is unlikely to take you to court if you have clean documentation of the damages and work necessary.The time required to research and order a replacement remote?

Next, if it is one property (and its in good condition) then it will not require a lot of time once you have found a good tenant. 

But because they qualify for the 121 exemption their account reconciles that with the taxable boot and not tax is due.If their sale is for $1 mil and they take $500K out in boot then their reinvestment requirements becomes $500K because they already took $500K of profit out.I'll reach out via pm to explain more fully.

By default, a multimember LLC is taxed as a partnership.There is an opportunity to be taxed as a corporation(C or S) if proper elections are made.Just a reminder that an LLC is required to file a partnership by March 15 of every year.The partnership will generate a form K-1 that is required to be given to each member which is then used to complete their individual tax return.

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.

Many large financial institutions are fond of the build-to-rent industry because demand for housing is strong and because new constructions require less maintenance and are a more predictable investment than older homes.