Some sellers want to sell quickly, but owners of land tend to be more understanding and patient.

Check in with a local Rental Owners Association

I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

When I got married I owned two properties (whoop whoop).

I'm not sure how this works when the seller of the property is listed on the contract.

The property will do very well over the long term.

I’ve also seen owners of a fund pull money from escrow accounts when cash flow got tight.Being trusting is good, but being trusting while also putting safeguards in place is even better.

What vintage property are you looking for?

You have one property.

The homestead exemption is for your primary owner occupied residence.