I'm not advocating he establish a new LLC without using an attorney or registered agent to define the bylaws of the agreement.

In your proposed situation, here is what I would do:1) Make sure you have a good/solid/reliable contractor that can actually do the work and has capacity to handle the project.2) Apply for the max HELOC and get it established. 

The superb amenity offerings and number of charming listings in the community have led to an established brand vacationers and guests trust.

It can still work in niche situations but I think it is a grind and you gamble time and money. 

Most of the content he has posted on IG recently is asset protection and international trusts (trust in the Cook Islands), international bank accounts (in Dubai), etc with videos of his family traveling in different countries.For someone who owns multi-millions in real estate, that makes sense but for 98% of the investors on here, especially new investors, it makes no sense to pay $20,000+ to establish international trusts, holding companies and LLCs for asset protection (from lawsuits) and a tax shelter.

In spaces like offices, retail establishments, or other commercial areas, TI work ensures that the space is tailored to the business's operational needs.I'm looking forward to a meet-up in Chicago as well.

Following this thread, The prices of established cabins are very high in this market and I am exploring the build route.Anyone have experience here in buying land and getting a cabin built? 

Over time, I also anticipate that the cashflow will improve slightly as the listing continues to excel (26 out of 27 reviews have been 5-star) and book out into the future.My current plan is to give the PM a full year to establish the listing and then revisit what my cashflow scenario looks like.

I am, and BP is, certainly a proponent of real estate investing, but I am also trying to establish us as a place for sober long term thinking.

I have a nearly perfect credit score and I'm gambling on that for my first project.