Anderson Business Advisors claim that this is a solid plan, but I've had a WY attorney also say the statutory trust will not transfer well to our CA properties.

A business does not base their business plan on possible RE appreciation and sale of that building.

Do you meet with us routinely to be proactive and do planning?

I wanted to connect with people to discuss lessons learned and how I can go about navigating the permit process with zoning/planning and the building department. 

We have an event planned for 6 May, at 5:30pm at Brewmasters in Goldsboro.

are you planning on keeping the private money loan for the long haul or are you going to refinance once rehabbed/rented?

As far as managing the property: IRS rules prohibit any disqualified person to provide services to qualified plan.

30 year fixed, low interest rate DSCR BLANKET loans (put multiple 1-4 unit properties under one loan for cash out or for purchase).Ground Up Construction loans for aspiring developers with NO Experience100% Financing on Fix and Flips (just pay closing costs and prepaid taxes/insurance)Fix and Flip financing that requires no appraisalHELOCS on investment propertiesBuilder's Forwards (for medium to larger developers who want to hedge interest rates on their properties they plan to sell so they can offer "low builders rates").DSCR loans for long term AND short term rentals (I think this is becoming more and more common, but some people have still never heard of this).And so much more!  

With 62 units you need to set up a reserve asset plan similar to what an HOA would do.

If you are a developer and plan to tear down the house and do something else with the property then you wont be able to get a residential loan because you are going to tear down the bank's collateral and then do something else which is definitely against the rules.