@Swati V Patel in order to link the individual's name that you are talking to just begin to type out the individuals name and it will pop up.

You want to talk to your CPA first and foremost you don't want to get in a situation were your deemed a dealer and lose your cap gain tax advantages.that said a take down schedule like this is common in the industry.. although CA usually a million dollar property is not a lot.. vis a vi development ground.. and builder developers there usually stroke a check if needed.I suspect though if your going to sell it in phases.the land would be split into 3 phases and you deed out each phase as he pays if off.. but not individual lots that were your CPA can advise you on dealer status.its common though in these scnerios to have accerlated paymentso you have  3 phases  333k each... you sell first phase for  400k.. second phase for 400k last phase for 200k.. this way you get a premium if he fails to buy the rest of the dirtalso in your contract make SURE you demand that all work product engineering soils geo tech that type of stuff is once paid for your property as well.usually in vanilla real estate transaction on the west coast I don't recommend or see the need for a lawyer but in this case I would find a good real estate lawyer tell him these basic terms and things you need then let him prepare the contract.. hope that helps.. and assuming the dirt is in CA.. of course.

As a result - you would be reporting income that you generated in all the states(and foreign).

I’m an extremely motivated individual and this is something that I bring to anything that I’m a part of.

Addressing the problems is like trying to put out small individual fires in a forest that is burning.

We asked a contractor, and the estimated cost is about 100K for such project.My question is that, if she go ahead with such remodel project, who much more rent can be generated?

@Ray Gayk, let me first disclose that I am not a Spokane guy so I truly do not know these individuals on a personal level I only know them through their BP presence. 

Shawndrika Hardie if you got your RE license you could earn referrals for those people who want to find rentals, or commission on buying and selling.If you want to wholesale try going to the county records office to generate leads

The IRS filing info says "If the only member of the LLC is not an individual, the LLC income and expenses are reported on the owner/member's tax return."

Rather, you would need a viable business that generated income that they would extend the loan against.