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 ? 

That could be a way to at least make some $ from it while you're basically required to hold it. $600/yr in taxes seems like a low amount for a developer to not want to pay in order to acquire an extra plot of land that would enhance their space lol. 

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?

Considering my inexperience in the market driving a lack of capital prepared, I've been looking at the requirements of an FHA loan.

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.

Some do not meet basic requirements like "No Pets Allowed" but I tell them I will send them an application because I am nervous.

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.