My favorite book for numbers crunching and modeling is David Geltner's, "Commercial Real Estate Analysis and Investments."

I have a business model and plan, I’m a little confused as to the timing and purpose of the LLC, some saying “you only need it when you have assets”, hmmmm?

I was just asking because I did some modeling with the assumption that the Valuation is solely depending on the NOI and average cap rate.

I live in Georgia and want to set up a parent LP/LLLP out of state because in GA an entity that owns LLCs organized in GA does not have to register here(and you do not have to disclose the owner of an LLC in GA on public filings).

The Limited Partner ("LP") and the Member ("M") are the same concept.

It really depends on your business model and what you are trying to do.Hope this was helpful :)

:D But you're right, and I appreciate that you shared an outlook I'd like to model.

The LP could be related to a recorded lien, like a mortgage or a unrecorded lien like a city violation for not cutting the grass.

Keep in mind it is intended for a wide audience of 3D Modellers, not just people designing homes, so it it might not be streamlined for most people.

It is a different animal for sure but certianly has its benefits over singles as you can grow much quicker.With that said, I highly recommend starting with singles and 1-4 units until you get really comfortable and start to define your business model.