There aren’t many residential development companies operating at this level, which reduces competition and risk.

- The inspectors aren't stupid and will see that everything is brand new and then research for permits.Also can't think how you can make this profitable.

I know this is a differing topic on the forums, and online in general, but having the legal background/education and knowing estate planning concepts you'll realize it shouldn't be.  

And in regards to getting educated on the the laws, I assume the best route is to link of with an attorney who has experience with these types of transactions?

But always get educated, numbers don't lie.Thanks again for everyone's input.   

It's a free education. 

They aren't doing it to help syndicate investors.I don't know anything about this deal other than what I've read here, so take everything I say with a grain of salt...but this plan appears to kick the can for a year. 

It's good you're seeking advice and educating yourself!

The Hilltop Mall (standard shopping mall, Macys, JC Penny, escalators, if you were alive in the 90s you know),  in Richmond CA was purchased in 2021, but the buyers aren't doing any of our brilliant peanut gallery suggestions.

(Which aren’t taxed as capital gains.)