(I realize there are alternate structures - this is how we are doing it.).

This structure simplifies management, centralizes ownership, and provides an extra layer of liability protection.Tax-wise, the state where each property is located will still require income tax reporting and LLC fees.

It's basically a ruined farm house with 3 structures.

Looking for guidance on options. new builds aren't hard to finance and I would argue they are preferred to existing fix and flip loans, especially if you have experience. banks look at your experience, your builder's experience, loan structure, permits, etc you need to get an experienced builder familiar with advanced underwriting and negotiations with local, regional, and national lenders. in columbus we do ground up construction for clients at a 20% discount so they can BRRRR out of the new build with equity and we have pages and pages of data on what we build and why and it's all supported by market statistics. 

It would be wise for a buyer to feel confident that the building is in good structural condition, that it has a certificate of occupancy.

As an out of town owner, one benefit of Madison is that we do have a good supply of property management companies to consider. 

Structuring a 203(k) loan for your partnership involves some creative thinking, but it’s definitely worth exploring.

Which means, if you’ve structured your taxes as losses for the last two years odds of qualifying are slim.

There are always deals out there and Texas is experiencing a return to normal with pricing coming down and supply staying up.

The book is useful for understanding how to structure deals, assess risks, and think like a lender, rather than just an investor.Pair this with engaging in forums like this one and attending local meetups to put what you learn into practice.