My understanding is that an LLC is meant to be the same as owning it directly for tax purposes.  

I also assumed that smaller tile would increase the labor cost due to the extra time required.

My vision is to hold this property and let the area appreciate a bit and have the new construction sell so that I can have some direct comps should I decide to build.

Sure people get notices but they get calls, door knockers and agents in addition to direct mail by the truck loads especially if there is equity. 

 Account Closed I am a bit late to this party but wanted to offer some perspective not directly mentioned in this thread.

I am amazed at these construction costs - I would be utterly shocked if someone could build anything right now for 85 a foot, unless of course you are the GC and not taking any payment for your labor.. in which case you are still subsidizing a weak deal.

I am 27 years old and I am trying to learn everything I can about the industry. I live in OKC, Oklahoma and work in Edmond, Oklahoma.

I'm looking for a mentor type relationship where I get paid in advice for general ...

About to start My first Direct Mail Campaign.

He's charging over $6 for demo and $6 for install labor only. 

I'd love to get more info on the deal can you please direct msg or email me it...I can offer my advice....another local person to discuss with is Anand if you remember him he's knee deep into all sort of investment propertiesHope you are well