Currently, we are looking into a rent and hold due to the lack of funding for renovations. 

The alternative is to sell my current residence, use some of those funds plus my current savings to buy a rental property + new residence.

I have found an opportunity to build four duplexes on several vacant sites.My thought was to buy the land with cash but not sure on how to fund the construction.Each duplex will cost approximately 175k, so 700k total.

But setting up LLc's seem to have an advantaged to help keep only certain people in the day to day and management of the business and keeps private investors who are funding only out of the business operations.Im sure this could e a record for longest question posted but I would love to hear how others are succeeding and how they have set up similar business models with how and why that works for them.

I have a scenario and I’d like to hear “What you would do”ScenarioI Inherited property.Have a son in college, no college fund.

I just personally can sleep better at night with a fully funded emergency fund early on!

So if it is a 6 month period, if not paid 100% off at 180 days (or sometimes even the statement date which might be sooner) then you owe 6 months of interest calculated month over month.Now, I do use a Home Depot store card to fund projects.

Reinvesting the funds has No bearing on taxes on the gain......the only time that applies is if you were doing a 1031.They will be due on his 2019 tax return.

I mean once funds are dispersed to the seller, the bank is going to see the leftovers coming back to you.

I do my wires and fundings.. my notaries.. then I talk to the head construction lender to get the gossip on who is doing what ( no detail just hey how are sales and payoffs. )  then my banker etc etc..