If it is just for your own usage just make sure it is permitted to do so then do what you need to do and do not register it with the city until you are ready to sell it so you can avoid a higher taxation and re-assessment of taxes. 

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!

If you ever have any questions on a remodeler's builders risk, let me know, on here, by phone, by e-mail whichever works.

When a property that has these features becomes available, it will automatically e-mail you that it's available.  

Much like hiring E lancers off shore to run down deals like I do.  

Since you're overseas, it'll be a necessity that you can communicate via e-mail and skype, as well as to digitally sign paperwork during the process.Best of luck!

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!

The proceeds would e divided among 3 people.How would you structure t as a whole sale as well as a seller finance offer?

Never understood where the "50% Rule" came from and if it applied to a property of interest, I would be demanding owners Sch E for two years.