Is the property your primary residence or 100% paid off?

@Trent Parker @Rick HeinzI heard Eastside has stopped funding off-market deals? 

We are going to be buying property and building a spec home shortly and need to understand the pros and cons of doing this deal through an LLC vs. as individuals, from a tax perspective.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

But your right it based off a % of the value.

(My commercial deals are typically 5-30 unit buildings, not multiple hundred unit complexes)Some LOI terms to includePrice, transfer taxes, concessions, contingencies, study period, closing date.

Sometimes as well properties that come furnished tend to be a turn off espeically if it isn't a short term lease.

I recommend you put it in writing.

What will you do with the STR replacement property, on the lake, in the off-season while it is vacant? 

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.