If you have little to no capital that is understandable, but note that trying to jump on a bandwagon that has left the station already might not be the best course of action...

Since the loans are not for my primary residence I understand that FHA and VA will not work.

People do not understand how impactful commercial is on the banks.

Having your LLC name attached to the plans does provide some protection, but it's wise to check with legal counsel to understand the full extent of that protection. 

Just trying to understand tax implications. 

As I understand it has something to do with historical banking regulations.Good luck.

If you don't know the answers to those questions, you need to better understand your market.

However, you are able to depreciate the building and its’ components.The land value is utilized in a cost segregation study and it is crucial that it is accurate so that it does not result in incorrect depreciation calculations which would open you up to the risk of an audit if it was overstated or you would miss out on tax savings if it was understated.So, we now understand the importance of the land value, but how do we calculate it?

It's important to understand the local market, navigate landlord-tenant laws, and have realistic expectations about cash flow.

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