I am considering to buy an empty lot, then build a single family house, and finally sell it.Do you think Staten Island is a good place for this business?

I have an option to buy a house for 290k with an ARV of 350-360.I have the funds in cash but was told I need to wait 6 months before I can refinance for the ARV and not for the purchase price I paid for it.Any suggestions on how to buy it with the option to refinace it right after??

Typically his projects have been privately funded and smaller than this one.

It depends on your state, filling status, and type of gain passed through.

Having each rental property in it's own LLC eliminates that risk and each property will stand alone and not be put at risk by another property that is not performing. 

I have had a fair amount of recent success because I offer a pretty high rate of 11% secured by note and deed of trust on my houses in va and nc  but want to hear other peoples success stories besides local meetups.

He says it's in good condition, could use AC and a heater, maybe some new siding but otherwise in good condition.He has a renter there paying $1600 month to month who wants to stay but has no long term lease. 

If you need some JV funding for a deal let me know and I'll take a look.

It’s relatively simple and, while it does cost money, it’s one of the more cost-effective options.