Now that is just material cost not my labor.  

I have facilitated FPU for years and am also a Dave Ramsey financial coach listed on his website so I **LOVE** the FPU materials and used to gift them frequently.

And don't believe that you too can hire the best builders in town and install first class materials in your auction nightmare and make the kind of money that they say they made.

The total of this fund is about $120k.Moving it to a traditional IRA I would retain all $120k, but pay taxes on my withdraws, both principal and earnings, based on my tax bracket at the time I withdraw it after age 59.5.

In our instance it actually made more sense to start with a company due to the source of our seed funding (it came from the retained earnings in another company).The use of a Limited Liability Partnership (LLP) in most provinces is restricted to groups of professionals (doctors, lawyers, accountants) carrying our their profession.  

In my case, the auditor wanted to verify my material participation as it pertained to each of the task I perform for my business. 

There are acoustic dampening subfloor material that will seal the moisture and dampen noise. 

My policy, which I try hard to keep but do make exceptions for from time to time, is to pay only materials up-front and even then, I try to purchase them myself if I can.

With you retaining an option to buy him or her out at a fixed return

The Client will be provided a copy of all signed agreements and extensions, and the Property Manager will retain a copy.§3-2 The Property Manager shall communicate regularly with the Client, either orally or in writing and shall provide the Client with written reports as needed and as agreed between all parties.