We need to buy out his brother and probably replace the trailer and then find tenants.Question if you've made it this far: When in this process do I need to set up an LLC?

It would be interesting to learn about any challenges you faced during the negotiation and financing process, as well as any tips you might have for others looking into similar investments.

Then he would put in management and his processes to drive sales up.Food profit margins of 10% do not excite me. i can exceed that easily being a syndicator of retail properties and have the businesses pay me the money.

I did find a local 203k consultant that I plan on reaching out to to help through the process.

If someone has participated in the process of investing in a proposed development before and could shed some light on how I should approach this that would be great!

Be very cautious.Hard money financing gets you going fast, and are lenders who will design your loan amount for the purpose of your investment strategy.

They'd rather invest that money in one of our deals and receive the depreciation than have to pay it to the government.Step 3: Depreciation and Tax ReductionThe next stage is to educate investors on the depreciation process and how it decreases their tax burden.

HVAC issues-- not just the furnace/boiler but also the duct work design and materials. 

However, I think the prices in California will cause us to invest out of state and we will just have to learn how to set up the right systems and processes to deal with issues as they come up.

Pay special attention to sections that outline prohibited actions, architectural guidelines, and the process for submitting requests or complaints.HOAs may update their rules or adopt new resolutions.