If the LLC is a single member LLC that chooses to be taxed as a sold proprietor (meaning it doesn't file it's own tax return and all activity of the property is reported on your personal tax return) the the IRS still views you as the tax payer for the property regardless that the LLC is the deed holder. 

Frogtown may benefit from the higher interest rates being that the higher returns will fuel investment.

While analyzing it over time you obviously know you have infinite ROI but also make sure to track you ROE or Return on Equity.

As with many of us, I have fielded scores and scores of phone calls and have taken time to help those where I can with nothing expected in return

Also does a lot of upkeep on the property and doesn’t ask for anything in return.

I like to hold 1960-1980 built CBS. simply because they are gonna yield so much more return than those newer properties. you like the stable and I like as higher return as possible in short amount of time. 

That aside I would like to see 8-10 percent return on anything I buy.

Of course, you can just pay cash for construction expenses, but this will need more initial investment and you'll have lower return on your cash. 

That will help you understand if it is worth it and what your actual return on this project is.

He also borrowed cash from me which he returned after a few days to a week.