After speaking to the listing agent I found that all but one buyer had the same experience.

When done properly, a series LLC gives members protection from personal liabilities arising from multiple properties or operations without having the extra expenses of multiple LLCs.Series LLC also known as master LLC provides liability protection across multiple LLC entities.

Now the hard money lender is lending to a single purpose entity where one partner has experience in new builds and the other does not but it qualifies the entity.

If so, what was your experience?

Would love to hear from someone with experience, or if any direction on where to look for more info.  

And do you my experience in construction?

Best long term strategy would probably to take an active role and receive some of the income as "ordinary" income or even payroll for yourself, and the rest as dividends to limit tax liability.

I have lots of ground up experience as an architect in NYC. 

My experience in Cape Coral has been a disaster so far.

P&L, no.Reason being, the mortgage is debt service against the balance sheet since the mortgage would be a liability.