Anyone can get financing are you offering that, looking for partnerships? 

The rental income will be taxed as passive income on your 1040 if you do it via your LLC as SP or Partnership. 

You can use the LLC to establish the partnership rules by way of the operational agreement and benefit from it's liability protection by assigning it as as the beneficiary. 

@Mike Dymski has it right about being comfortable with the deal and partnership structure.

Once thing I always recommend is to establish an LLC for the partnership so you can have everything in writing and also to protect yourselves from liability.

The brokerage I chose though had training and partnership opportunities, many top agents I could learn from, as well as a more recognized brand that is very active in the local community on many levels.

Are you in partnerships or you are doing this as owner?

- Find the most useful accounting software (Freshbooks seems good so far)- Begin learning the PlanSwift estimating software- Research local real estate sales and land availability- Meet up with the accountant and get the business structure in place- Meet up with a family member who just graduated interior and structural design school and hash out a great floor plan- Get a few polos and t-shirts printed with the company logo and pass out to friends and family who have been supporting this endeavor3-6 Months- Meet with mentor and begin shadowing and learning the ins-and-outs of general contracting- Meet with plumber about partnering up for a spec build- Meet with realtor and begin searching for a great piece of land- Meet with lawyer and setup some of the more mundane boiler-plate contracts- Research local material companies, lumberyards, etc and begin setting up relationships for purchasing materials- Go to the county permit office and learn the processes and costs for applying for permits6-12 Months- Acquire a piece of land to build upon that has been soil bearing and perk tested, in a good location, and minimal tree/brush clearing if possible- Provide the architect with the floor plan and house design so they can stamp and complete the plans package (foundation, joist, floor, electrical, mechanical, side, site, roof, and detail views)- Finalize partnership with plumber and get contracts in place for how funds will be managed- Finalize partnership with mentor for sub-contractors and get contracts in place- Get a building permit!

He won't ask a girl out romantically even though he knows and like her for 10 years.

California properties.