Although he is a banker, he thinks having the ability to operate as a broker and place loans with 30+ other lenders, in addition to his bank, is the "best setup."

But my question is that if we consider other operating costs like maintenance, capital expenditure, vacancy, etc then this property won't cash flow, so is this a good deal?

It's an A-framed garage with shingles roof, gutters, windows, and a 32" exterior door (in addition to a 16' operating face door). 

We are not putting up capital, just handling all development/build planning and operations.

You can check the NMLS for licensing (some servicers will operate without being properly licensed in that state).  

If you operate under an LLC or other business structure, are there tax implications or requirements I should be aware of when paying myself?

Investor focused realtors & Property managers are going to be your biggest asset since they'll be finding your deals & managing the day to day operations for you.

And some expensive ones for larger operations.

So you have this shadow plat underneath a 10 acre lot The county assessor since its all one ownership would just show the acreage and no individual lots IE not give them apn #s so if you were looking at the county assessor maps you would just see this 10 acre lot..

In my opinion, the best agents, appraisers, home inspectors, contractors, lenders will utilize AI as a complement towards their existing businesses to spur greater growth and operational efficiencies.