As mentioned above this means separate bank accounts, no commingling of funds, documents executed in entity’s name.  

I am currently paying $1700 in rent and I despise paying rent, especially being in a financial position where I can afford to build equity in some manner or get a cashflowing asset to offset it. 

I was curious the best strategy to get the remainder of the funds for the build, my lot is owned outright and worth about 325k.

Click here to know what is going on and what is going to be required.The list of inspections is pretty exhaustive and covers a lot of things within the building and sanitary codes.The city believes that it has a problem with many older buildings being in disrepair and not maintained by the owners.The owners/landlords have issues with the city because they believe the city is overstepping its authority and does not have the right to inspect the buildings.In the middle, we have the tenants who should have clean and safe apartments to live in.

This is the perfect place to start learning and building connections for your real estate journey.

I'd like to get an idea of what is costs to build from scratch.

Get a few of those and read them - that way you can start to get familiar with what kinds of things can happen in a house, and how big of a deal it is to fix each one of them.If there are any new houses being built in your area (like, within bike or bus/train range), and the neighborhood is relatively OK, go over to that neighborhood, after the workers have left for the day, and see what building a house looks like. 

I personally work in the Columbus, Oh market because my research lead to this market.Build a Local Team:Find reliable local professionals such as real estate agents, property managers, contractors, and attorneys who are familiar with the market.Network with local investors and attend real estate meetups to get referrals and build connections.Set Investment Criteria:Define your investment goals, such as cash flow, appreciation, or a balance of both.Determine your budget, financing options, and the type of properties you want to invest in (single-family homes, multi-family units, commercial properties, etc.).Financial Preparation:Secure financing or funding for your investment.

They’ll owe the depreciation recapture as well but that would only be about 1% of the building’s value per year owned.

This article says 5.5-6%.  What do you all think of this???https://www.northmarq.com/insights/research/los-angeles-4q23...