@Giovanni CardenasWith no disrespect meant, you're jumping in with both feet with no understanding of the process, contracts, etc.

Talk about meant to be.

Anyway I work with a lot of high net worth individuals and one of them came to me this week and asked for help selling his property and to me honest I thought he meant maybe a holiday home or something like that.

So, the same number (and income type) still shows up on your 1040...If you want to make it really complicated, your multi-member LLC, assuming you have a mult-member LLC, can elect to be taxed as a S Corp or C Corp. 

@Teresa Thomas I meant summer is 2021.....

Sorry, I meant that paying cash will probably give me slightly more bargaining power.

(Maybe that meant renting someone else's property?) 

I do however wan’t her to learn how to invest and since we are going to help her pay for college, how about we get a property that is specifically meant to pay for her college. 

statement meant to confuse you.

Run the scenario both ways - see how your IRR is affected.If the end buyer is going to only cap lot rents and you find that changes your IRR from 15% to 9%, then you'd have to determine whether you'd be willing to take on that risk.Also keep in mind that all the 'metrics' are meant to help you predict future cashflows.