Do people just have a capital account that they keep at a certain level and replenish from the rent from all of their properties when it dips below a certain level?  

@Armand P.Consult an appropriate attorney (I'm not one).That said, understand: an LLC alone only offers a single level of protection.

Will this be considered new construction if I level the entire structure?

I just need to mark level ground along 200'.  

The next step would be to work with the Realtor and determine the hot markets, in your County, with the greatest number of sales over the last 90 to 120 days.

The next step would be to work with the Realtor and determine the hot markets, in your County, with the greatest number of sales over the last 90 to 120 days.

I have been a member of BP for about a year now and I have learned a tremendous amount of information your average mom and pop investors never heard of or thought about before, and  think that is what separate's the different levels of success there are in the real estate business. 

In CA they require 4 years, they do recognize the education, if you have engineering degree or what not, in that case you still have to get 1 year experience in the trade, maybe not really pounding hammers but at least a supervisory level.

the OP asked how to get the greatest return on his money in 1 year.  

Which quickbooks price level do you use?