Now is a great time.With your extensive knowledge in construction you have a leg up on most investors.

Many of the regulations that are part of a compliance management system predate both the SAFE Act and the Dodd-Frank Act, and two have been extended to cover sellers of primary residences after Dodd-Frank through rule extensions.

In these cases, your entity doesn't -- and can't -- stand alone.When that's the case, a judge or jury is likely to determine that the entity is just an extension of you, and when that happens, you lose any asset protection you otherwise would have from the entity standing on its own.All this is to say that a good attorney or asset protection specialist isn't just going to register an LLC for you (like an online company will do). 

Plumbing, HVAC, roof, and even an enclose porch extension was performed without  permits.

A professor once told me that he had a colleague almost die in a lake because he thought he could swim after reading extensively on the topic. 

The installation looks great, but I can't see behind the walls and the deal price doesn't justify the risk, IMHO.All plumbing, HVAC, electrical and even a room extension was done without permits.

I have been extensively researching Mobile Home Park and Multi Family investing and my goals are to buy and hold for passive income and wealth.

One of these deals needed quite a bit of work, new HVAC, had bare concrete floors in the house, extensive Sheetrock damage, and was a HUD home.

I performed extensive research and interviewed several professionals before deciding on my team. 

I have done extensive due diligence on the property and even had a chance to look inside with the owner.