Some are so restrictive development is not possible.

If you want to develop a good reputation, then don't do it.

Glenn I forgot to mention that being built in 1955 you most likely will have issues with lead abatement with the new EPA certified rules which will increase your rehab cost.I don't know why everyone gets worked up on a house being close to a commercial property or highway.The value of the land the house sits on is often worth way more for development than the value of the house that sits on it.You can still have someone pay you to haul off the house or gut it for parts and make some money that way.I love land next to commercial and know exactly who to market it to an dhow to sell it.Now if you are in a big subdivision with track homes on small lots that backs up to a junkie commercial business that is another story.The reality is you are probably not going to assemble all the homes for a commercial project because the front piece is the most valuable and everyone will want to much for their house making the project total cost unfeasable.

I think the developers respond very quickly to reported problems.

As our east-Austin-based development organization ramps up we are taking in additional cash from partners.

I figure if you develop a relationship with a wealthy investor and you both come to terms then you won't need to do all of this other more complicated stuff to fund deals.As you build success with deal after deal your terms might get better.I was just thinking out loud to myself.Interesting Discussion

It's funny you bring this up because I just took a break from my plan development paper.

I'm always interested in others' use of multiple LLC structures.I would definitely talk to an attorney and an accountant about your particular circumstances.

In a few more years of tenants I'm afraid the drywall may need removed and new studs put in.I'm considering purchasing a flat panel wall mount that will fit the size and weight of most retail TV's and installing it myself and making this part of the lease that the wall mount can't be removed.This rental is in a higher end development so the concern of the tenant not having a flat panel should be slim.

You start to develop a sense of who makes good comments and which comments you want to read.