I am not 100% positive on that answer so I was not able to speak intelligently on the topic.

My CPA is telling me that if I take a percentage of equity ownership, that is a taxable event and I will owe taxes on my % of the total capital raised as outlined in the operating agreement (on day 1 before we have built anything!).

This is a great place to learn and network.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro If you want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users

Living in North Myrtle Beach, I see buyers buying houses that do not make money and sellers selling houses for far less than they should.I urge you to get fully educated regarding operating expenses, operating income, net operating income, return on equity, capitalization rate, debt service, capital reserves, the difference between capital and maintenance expenses, and a host of other topics.  

Or even if you want to sell and get top dollar, new kitchens and baths will be required.Second way: you outline what your spend is each year: immediate, year 1, year 2, year 3, etc.  

I could go into an essay on this topic as I've essentially spent 2 years working on me trying to have a go at this entrepreneurial life...but for me it boiled down to 3 major things. 

They will be able to clearly outline your different options.

I've hit a dilemma that I'm sure many others encounter at some point in their investing careers, and figured this would be a fun topic to discuss.So I've been working my a** of for at least 15 years as a chef, working 10+ hour days, 6-7 days per week, and EVERY weekend and holiday.

I know this is a broad topic but feel free to weigh in from one or more angles.

This is a great place to learn and network.If you are looking to connect with other members near you, or want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/usersI really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alerts