1.Benefits of forming an LLC in Wyoming include strong asset protection laws, privacy for owners, and lower costs.

Phase 1 - demo of a greenhouse sitting on part of the land - site utilities and 12-unit building turkey construction budget $2,043,100.00 -- $2,177,500.00The estimated rents would be approximately $1k per unit on average for mix 1 2 & 3 bedrooms- I feel like construction is so expensive and the market doesn’t support higher rents from what I’ve researchedShould I : 1) try to partner with the local government for affordable housing loans and grants?

Treat them as partners and grow your businesses together

I would only consider a flip if you partner with a trusted expert for your first deal.

You also mentioned leases, which key check offers for $30 with e-signing.https://www.keycheck.com/I've been a partner agent for nearly a year and enjoy hearing that client owners love Furnished Finder.  

One nice thing about Sedalia is the rental market is strong - there are very few rental listings on Zillow and I saw nothing listed in Craigslist. 

For further context, I am not taking on the role of a silent partner in the company.

Does This seem like a Fair Partnership Very Very Rough Draft WHEREAS, Party 1 and Party 2 (collectively referred to as "Partners") desire to enter into a partnership for the purpose of jointly owning and managing real estate properties;NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Partners agree as follows:1.

Is this like having a partner or a smaller partial ownership?

I've done some fixing and flipping and have a decently strong background in renovation so if any of my past mishaps can help you avoid future ones I am happy to connect to point you in the right direction.I see your tag was from Naperville, but the title says Elgin...where are you mainly looking to invest?