Prior to seems like I need an architect and engineer to provide drawings and estimates.

So here is why I’m thinking this is a good idea:1) We get to reduce the SE tax by drawing a wage.2) We would like to max a Solo-401k for my wife, my understanding is that the 25% employer match would also not be subject to FICA or SE tax.3) The company could potentially contribute to an HSA account, again not subject to FICA or SE tax (I’ve heard mixed things on this).So now what I’m wondering:1.

However, there is sufficient listing volume to draw a reasonable conclusion about the total market. 

My issues started when Sherman Bridge deducts 10% of every draw.

However, you will need in that case 10% of purchase, closing costs, 1 year of insurance, 6 to 9 months of interest AND enough to float 1 construction draw.

(i.e. pollution level, noise level,etc)2.

@Charles Faul where would you draw the line on that?

@Carl Fischer Thanks for your thoughts, much appreciated.I would be interested to understand where exactly the IRS draws the line between managing an investment and maintaining a property.

In a scenario like you describe it is awfully easy to construe that you have functional ownership of the new property unless the earnest money draws are set up as such and very carefully. 

The Architect May draw a detail, provide calculations, or write a letter that everything is fine.