These factors can impact the ability to develop or renovate a property and the tax implications of owning a property.Zoning RegulationsZoning regulations are laws that dictate how land can be used within a particular area.

There is also a chance to offset more tax liability by using a cost segregation on the rental property.  

If there is only a JV and not a new LLC formed, what forms are issued at the end of the tax year?

(I prefer to avoid lawyers when possible)

Your primary residence you get to deduct the interest and taxes but not the insurance.

Should I create an LLC at this point to protect my personal assets and tax planning?

Hi guys, I had a friend recommend using Abode for immediate property tax appeals and other home savings. 

My payment (including escrow for insurance, taxes, etc) of $2500 would go to roughly $4500.

Even if you're still paying for some of the expenses out of pocket, you've most likely drastically reduced your cost of living by eliminating most of if not all of your mortgage, property taxes, and/or insurance.

As the local governments struggle to manage tax payer money responsibly, they should really offer incentives to private builders to build "income restricted" at a much lower price. $220-$300/ft for vertical build costs.