All of a sudden multiple developers have been approaching us about the land...For many different reasons, rather than cashing out completely, we started listening to developers interested in partnering with us to construct on the land.

Steps: Sign up for a class, complete the online application with DBPR, sign up for background screening, complete class (DBPR has to clear you before you can test), take state exam, join brokerage, broker submits your application to state to join their firm, license becomes active (you cannot sell real estate until your license shows active with a brokerage), and then join Board of Realtors for your area. 

Sometimes I do complete tear downs and rebuilds and other times I do gut renovations and/or additions (depending on what the situation calls for). 

So the LLC will need to sell the assets and 1031 into another instrument which can be compatible with 1031 but be completely passive and allow them to generate income on the deferred tax and deferred depreciation recapture for the remainder of their lives.

Once the loan is completed and the cash is in your hand, you can use it for anything you wish?

The house is an older home(1948) but it's had a complete makeover. 

So find completely waste of my time .I am happy with local handyman who Friends.

Are you saying you ran the numbers and including reno and expenses and holding costs until complete it would cash flow?

@John Thedford Thanks a lot and I completely agree. 

For many different reasons, rather than cashing out completely, we started listening to developers interested in partnering with us to construct on the land.