hi there, Im feeling a little discouraged as to i just failed the Ohio real estate national exam for the third time this previous Saturday.I past the state portion btw....

I also ended up buying flipping houses by J Scott, and a few others, the first real estate book i read was J Scott's book on flipping homes..incredible read, then i read Rich dad, poor dad this book is now in my top 3 favorite books, an wholesaling book, and currently 200 some pages into the millionaire real estate investor, my wheels are already spinning out how i can put my tech skills to work on a personel website for automating some of the marketing, network, and prospecting portion. 

i do intend to keep for the foreseeable future since i utilize a portion of the properties in my business.

@Justin Ellis,  for me it about having a balanced portfolio; I want half my investable assets in high interest mortgage notes, and the other half in physical real estate leveraged 50%, so that if I have $2 million in notes I want $4 million in real estate, with that real estate having a 50% Loan ratio, bringing the net equity for the real property portion to $2 million.The reason is that with $4 million in gross real property holdings, my entire portfolio equity of $2 million in notes plus $2 million equity in real property is hedged for inflation.  

Having another portion of cash in reserve for when a good opportunity arises sounds great.

I am stuck on the Refi portion as I'm having a hard time finding a bank that will do a fixed rate 15 yr cash out refi with the home being in an LLC.  

I recently moved (last week,) over a portion of an existing IRRA over to a SDRA. 

You're wondering what would be the most profitable use of the land and also allow you to create cash flow now and also allow you to keep some portion of the land, even it's 1 lot?

I'll leave it at that.Your last paragraph further reinforces that this is actually a multi-member LLC and not a single-member LLC as the "investors" are obviously being treated as equity investors (aka members) and receiving a flow through portion of the LLC's profit and loss."

I would make a deduction from the SD for putting the yard back together and articulate in the disbursement invoice the portion of the lease that cites "no improvements without written permission" and then stop all communication with him until/unless you need to see him in court.