We first became interested in ABQ after hearing all the news about Netflix & Universal setting up shop and investing over a billion dollars over the next 10 years in production and job creation.

[/b]A few reasons: 1) the people promoting this often have dozens of properties, many of them owned outright, and use LLCs to insulate against personal liability and also to circumvent different state or local laws monitoring owners with more than a certain number of properties. 2) many people don't know what they're talking about and get excited about how easy it is to "start" an LLC which takes about 90 seconds and a $100-$500 filing fee in most states; their assets are not protected unless several requirements are met and most newbie investor LLCs don't meet the proper requirements. 3) People misunderstand how much liability protection you actually get with an LLC. 4) Lawyers, accountants, and "start your company" companies all get paid if you start an LLC whether or not it protects you so they have a vested interest in promoting their creation.

Every hose I did I made BEAUTIFUL, I was addicted to the pride of seeing people drop jaw at my creations.

I am looking for books that kids would not read for fun or be assigned through school, which could include money management, investing, business, self-improvement, etc.I am planning a program for my children to get them reading and thinking about wealth creation, personal finance, and so on.

There are a lot of great options out there; aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. all of the other tools in addition to their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).

I was going to offer you my wealth creation advice for $3500 but I just gave it to you for free!!!

Since Im mainly involved on the financing end I would look at the after repair value (ARV) of the construction, permits/softcosts, holding costs, land acquisition costs, and etc to make sure you have sufficient margin or safety for profit if you need to sell or equity if you need to refinance or take out that construction loan so you can hold.I would always recommend multiple exit strategies prepared in advance so you arent forced to take any specific route.Generally Land acquisition costs are 10-20% of project cost but in areas where the ARV is 300-400 persqft or higher you can pay a higher cost for land and still make your intended equity creation (if you intend to refi) or profit margin (if you intend to sell). 

Hello BP,I just signed a contract for a property in Cleveland, OH and require a real estate attorney to advise LLC creation for the purchase. 

Dates of creation matter, and usually the last document created clearly states, 'this document supersedes and rescends all previously exiting writings.' 

Tenants in Common (TIC) can be split accordingly and while not an uncommon structure, they are not as readily used as they once where with the creation and body of laws around LLC's and other similar legal structures.