I firmly suspect that your lot was already legally created and the only thing you need to do.. is pay for water sewer and other building permit fees and get your plans approvedwhat we are talking about is pre plat requirements your buying post plat 

HI there Indy, welcome to one of the best places to learn and grow within the real estate world.There is great value in the pod-casts within bigger-pockets and as well as meetups in different communities, and face to face with real investors that get it done, learn from the others and create some value to some in anyway possible.lots of us investors on here are looking for everything from raising capital and partnerships which is leverage in allowing others to invest in your dream and vise-versa.( using less of your money to get more deals, you'll expand quicker)If you're looking for more guidance and help feel free to contact me and we can show you the ease of growth and long term on being in the investments to get you towards your goals.

You would absolutely create legal docs that outline the expectations of the loan and the repayment.

It makes my time more efficient and creates a bit of competition as some of the tenants show up a little early or want to stay a little bit late and they see each other.  

I made a LOT of mistakes at the beginning while creating a vision/system of what I wanted/needed.  

My friend used one of them to create an LLC, he later sold the property and notified them to dissolve the property.

There are many calculators you can use to analyze deals or you can create an excel analysis tool too. 

Times of uncertainty create great risk but also opportunity for investors.

The key for me has creating a lot of checklists and processes so I don't miss anything, and then using a CRM to keep track of activities and set reminders.

Absolutely not.You are a disqualified party to your IRA and may not create any direct or indirect transactions between yourself and the IRA.