Our goal in investing is long term benefits (we would like to plan for retirement and helping our kids get started as adults), also plan to gain passive income, maybe gain one property every other year or so. 

Shorter term, it will bring in workers to construct and create this new development - Longer term, it will bring in the likes of famous celebrities from around the country (if not world) to live and stay here short to long term. 

The only time that expense/profit number should significantly change is if 1) They take too long (see A), 2) They do work outside the original scope (see A), 3) the original underwriting made bad assumptions about costs/profits, or 4) some act of god changes your exit.

Feel free to reach out for the long version of the story!

I will however need a design review for a long list of reasons. 

It doesn't take long to learn how to spot a good deal.6.

If you didn't claim it in the year the property was placed in service, you can elect to claim it in a subsequent year, as long as the property meets the requirements for bonus depreciation in that year.

As long as you are operating within the law you will be fine.7.)

Typically, when funds acquire loans, they assume delinquency/default risk in exchange for earning a yield on their investment.Yet this would work differently – it’s a request to purchase debt alongside a corresponding put option/insurance policy.From the buyer’s perspective, as long as the seller remains solvent, with sufficient liquidity for any exercised options, it’s a risk-free investment.

We are constantly having to deal with the state’s newest laws which almost always are a net negative to landlords, however we just deal with it (not much we can do), and are still able to have great investments as long as you understand and keep up with the tenant laws.