I would definitely be building a team of lawyers, other investors and everyone else that could contribute but this would most likely be further down the road in my career.

3)  Is it common for the developer not to have any upfront "skin in the game" (no $$ capital contribution)?

Should I create a retirement account that I can contribute to with income from this property?

Current Assets:250k in 403B (max contribution)25k in 401k (wife 401k)400k in HYSA at 4.25% (need to move a lot of this, previously was saving for local Long-term Rentals... but haven't put enough effort into this."30k in checking50k in VTSAX15k in Disneyest 20k (bought side lot adjacent to property in 2020 1/2 acre for 15k... paid off)est 60k (bought back lot adjacent to property in 2020 3 acres for 45k... paid off)est 280k equity (Home valued est at 600k bought for 380, 320 remaining on note at 2.7% in 2020.

A huge thank you to both teams for their dedication and hard work in making this project a reality.We are excited to see this project come to life and contribute to the growth and development of the community.

No problem, I enjoy contributing!

Option 1 offers the potential for immediate cash flow and appreciation, which can significantly contribute to your overall financial health.

I had to learn this lesson myself: The engagement you receive on BiggerPockets will generally be in exact proportion to your contribution to this community!

Putting all this action into a partnership tax return reduces the risk right back down to an acceptable amount.Second, with a partnership tax return, we can mechanically show your capital contribution (at-risk money) including recourse loan debt.

The dog owner may or may not be willing to contribute to the cost to fix or replace the fence.