Notice definition speaks nothing of deployment mechanism.

I tried to plow snow this winter, but multiple mechanical failures netted a loss of over $2000 while working a lot  of hours.A job is not realistic. 

I run a title search, I also check the appropriate court and county records to look for any additional liens such as mechanical liens, construction, municipality ect...

I am a fisherman in Alaska during the summer and a mechanic for ski resorts in the winter traveling between the two I only work around seven months a year .

It depends on how much of the property has been updated.An old house with new electrical, mechanicals, plumbing, windows, roof, etc. should not have maintenance issues.

A draw model would have you fronting a certain amount of the repairs, getting invoices to show as paid from the various contractors, and obtaining mechanic's lien waivers in order to then get a certain amount of money refunded back to you, which can act to replenish your capital available to the next stage of the renovation. 

HOWEVER, if you plan on doing anything beyond cosmetic work (structural, mechanical, electrical, etc.), you should be using licensed contractors, especially if you're doing work that requires a permit.

Lots on the mechanics of Sub2 though If anyone is colleagues with @Steven Hamilton II, please PM him with this question and let us know what he says.

I have a question: The reason I went IRA LLC was because it was easier to understand the mechanism.

Again, we've spent over 200 years getting to the point where all people (women, minorities, etc) are equal in terms of voting rights...and to arbitrarily adjust the system to account for one issue -- albeit a major one -- just doesn't sit right with me.Long story short, don't assume that my disagreement with your plan has anything to do with optimism...if anything, it has more to do with pessimism in our ability to effect radical change without those in charge using it as a mechanism to destroy this country even more.