The parts I'm still unclear on are whether or not the member-managed vs. manager-managed designation (would still be just us making the decisions either way - no other members or outside managers) and the at-will vs. term designation has any impact on liability or taxes.Thanks again for your help.

./$4800 yr. after expensesMy annual return percent is right at 20%Again, this is my first one, I designed a tool in Excel and checked it against the BP tools, but am I doing this the right/smart way?

A lot of the big companies around here, design and build the subdivision.

That being said, you are sort of swimming against the current in order to use the funds from an investment vehicle in a manner for which it was not designed. 

You probably need to designate what type of property you will be investing in, multi, SFR, townhouse, etc. 

My partners were the designers and project coordination team.

It's designed specifically for landlord accounting.  

just wanted to give a quick shout out .. thats great you and your brother are teaming up together .. i have been trying to convince my sister ( who is so taleted with interior design and landscaping ) to move down here .. we are very close also .. i thnk she has finally given in .. she has said she is going to list her main house up there and move down here ..

It was designed by my son, Michael. 

@Henrique Da CostaReal Estate Investing Seminars are designed to peak your interest and sell you a program.