@Ashish Wa you always end up getting exactly what you paid for.You should only go cheap when YOU know exactly what you are doing.Newbies trying to save pennies, almost always cost themselves dollars via their mistakes.

If the market changes or costs go up, etc., your flexibility is limited and interest keeps ticking. 

Instead of them performing a general assessment which is cheaper they chose to do an inspection which is more invasive and discovered that the porch needed to be scraped and repainted which was something that was never addressed in their general walkthrough and inspection of the home after the renovations and incurring more costs. 

Hello all,Business is going well, and most of you know me as an investor focused Realtor in Omaha and in the next couple months I have the amazing opportunity to scale that business exponentially as the Acquisitions Director for an amazing Real Estate Company (more info to publish later) but I am actually seeking recommendations for a good real estate tax professional who serves the Omaha area.Basically I am already formed as S Corp but I am forming an LLC (potentially under my S Corp) with myself and the contractors I work hand in hand with to renovate properties with the intent of serving under one "legal" roof when we assist investors in finding and renovating properties for investors and want to make sure we set ourselves up as strong as possible.Any recommendations?

I understand some of the pros and cons of going in to business with friends and family but we are both worried of taking the solo leap into rentals.

You'd need to look at how much this loan would cost you, how long it would take to recoup those costs...if you lock yourself in with a 5 year PPP and rates drop in 2 years, you're going to end up having to pay a hefty fee if rates drop and you decide to refinance.

In my experience with distressed tenants, their housing costs are always their first priority, and one in which they have the most pride in maintaining.

Then understate costs. 

I understand it is inherently riskier to develop raw land, but I learned that the reward is significantly lower lot cost and higher margins. 

I would do a HELOC, because if you don't want to take the money out you don't have to pay the interest, on a home equity Loan, the full amount is going to be advanced when the loan funds, and you will pay finance charges on the whole amount.We do investment loans on new construction, Typically we can do 60% of the land costs, and up to 100% of the vertical construction, not to exceed 85% of the Costs.Thanks,Dustin