I have seen individuals form an LLC; the investor contributing capital and the other member sweat-equity and/or capital as well.

Should I do the work without paying labor costs to the LLC or me personally, and chalk it up to further personal contributions to the LLC, and if so, how should I account for this?

I'm a newbie though so I just have questions, I can try to have some input but still very new lol.I'm an accountant by trade, so I can try and contribute some accounting knowledge I have.Where would the meet up be? 

A normal retail space in this building might only require $10-20k in improvements to bring it's standards up, where a restaurant would require $60-200k in upgrades to meet restaurant standards.One restaurant is interested in doing a $250k buildout (I may have to contribute another $20-40k to fix up the space's shell -plumbing/wall repair)They are requesting $40k TI and 4 months free rent during buildout period.It's approximately 1700 sf and they want $2/ sf/mo NNN(I'm pushing for $2.75/sf NNN)Do you think this is reasonable?

If there is a slow down I think the contributing factors to be higher interest rates that will influence the lower end buyers, and low inventory.

We can structure in such a way that his services will be his contribution to the project, hence sales tax wont be necessary.- I am from Washington, so buy supplies in neighboring Oregon that don't have sales  tax.

You can transfer a free and clear property to a new LLC, this is a contribution of capital and an asset of the LLC.

From Bigger Pockets, I would like to continue learning (I listen to the podcasts) from the wealth of information contained in the community, and hopefully we can contribute by offering our perspective as new investors/flippers.Thanks for reading.

Awards- I received numerous awards during my career I Law enforcement career.Some of the awards were the Distinguished Service Award along with numerous Unit Citations.Now I don’t measure my success by my awards.These awards just happen when I do my job and contribute 110% at all times.Professional Credentials- Licensed Realtor, Licensed Police Officer, Licensed Correctional Officer, Licensed Firearm Instructor, Licensed Corrections and Police Academy Instructor.Area of expertise- Residential sales and listings in Central Florida and Lake County.Education- South Western High School, Police Academy, Corrections AcademyPersonal Background:I grew up in the Pennsylvania country.I loved to fish, hunt, swim, competitive shooting and the beach.Since the beach was 5 hours away I chose to move to Florida after I graduated high school.Before moving I was working construction and loved it.My, at that time, soon to be wife and I then moved to Winter Garden, Florida.

In any case, make sure you draw up a water-tight partnership agreement that details exactly what the contributions/ responsibilities and rights/benefits of each partner are (i.e. don't assume that you are on the same page and that this or that is understood) and that provides for exit strategies from the partnership if it doesn't work out or if one partner just wants out.