For my first rental My llc did a resolution to allow me to hold the security deposit in a personal account set up for that purpose for the legitimate business reason of avoiding bank service charges.

Sounds like it could be legitimate advice IF your Realtor knows anything about construction (i.e. if it's installed incorrectly, what else is wrong?

Is it a legitimate company?

More things can go wrong even IF the practice is legitimate due to all the moving parts to make it work.I used to do land assemblage for commercial developers and you had very long timelines and 100 steps to make the project work on those big projects ( hundreds of k of sq ft ) and if a few steps fell out years of work you were paid nothing.

I have unfortunately received some conflicting advice on the different venues which were later explained as there was no hard fast rule and so could be done different ways.

With that, the ones that are able to operate freely are generally legitimate cash cows - I'd put them up against any other STR market in the country.  

Paying taxes on a piece of land is a legitimate concern, especially if there are no plans to do anything with the land in the foreseeable future. 

Secondarily, if you relocate for legitimate purposes then you may not be liable for capital gains if the gain amount is within the pro-rated cap.

@Mark K.Wow the moment anyone guarantees the roi run for the hillsIf they could guarantee the return then it means they have all your cash plus that return sitting in a bank somewhere - which if they did then they would not need your $Anytime anyone guarantees a return run as far away from that deal as no legitimate investor will ever guarantee a return.

If someone doesnt have the money to start a legitimate business there is nothing wrong with creating a plan to save the money and get started when they have the financial stability to do so!