Further, after a liquidation event of the LP-LLC structure (5-10 years down the road), can the trust be dissolved or what becomes of it?

@Mayer M.You might want to consider looking into a Qualified Opportunity Fund(QOF) or structuring the sales via installment sales.One thing you may want to confirm before selling the houses if the sales are indeed considered capital gain. 

The structure I am looking at used to be an old schoolhouse (about 1600 Sqft) and our vision is to convert it into a cool/quirky AirBNB.

With my 20+ years in corporate, I was able to bring structure to the offering including building a webinar and helping coordinate lending and closing activities.

Even if you bought, rented put as is, time is ticking on both structures.

I plan to tear down the existing structure and build a duplex.

It involves REAL land, and REAL structures erected on the land that are subject to the laws of nature.

You would be correct, we hold broker's licenses here in NC, but the way agency is structured here is with a Broker-In-Charge (BIC) essentially serving the same purpose as a Broker in other states.

However, definitely consult an attorney on the subject as well as you go creating your entity structure and paperwork.Perhaps, this might be a good read https://www.biggerpockets.com/...

Like in theory, if a seller was open to negotiating an offer or structuring a vendor-take back, what comes next?