It would be best if he calls the city and asks them to turn it in (although it is already on) in order to establish service for 2 reasons: (1) He's going to need to have the water on for the when the property gets inspected (banks won't loan unless everything is proven to be working) and (2) Right now the city could charge him with theft of water by turning the water back on himself (well, really the contractor did it but the city does not care). 

The reason I am unwilling to pay 43 percent upfront is because I don't have a relationship with the GC.

Those numbers are reasonable.

So your plan to put the property into the LLC and then sell and buy is problematic for a couple of reasons:1.

The reason I ask is that I have need of the money now, but don't want a taxable distribution from the plan until next tax year.I don't see any reason why this would be an issue but wanted some expert opinions.

"if you have bad realtor and don't price it right the first time around..."20% of realtors are good, the others are, well . . . they're not making a living at it for a reason. ;-)

The main reason I even wish to sell it is not for the appraisal value, but because I would like to attain early financial freedom. 

I am a local union electrician for Alameda county and have been building up a list of contacts of the tradesmen I met throughout my career and got along with on the job site, these individuals specialize in their own trade and are trust worthy people in general which was a big reason we got along.

The reasons I'm interested in RE: 1) I want to start investing early.

@Lesley Ray if you are talking about your personal home yes that seems a little high to me and I would shop around.I presume because you are asking here on BP you are talking about an investor loan. 6% is a perfectly reasonable investor loan rate.