Nothing is owed on the inherited property.My question is, with the costs of building new still relatively high, would it be better to subdivide and build on the current property or use the equity of the inherited property to buy another separate income property?

The buyer would then refinance before the 2 years is up.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

They said they don’t share the actual invoice from the vendor.

On the bright side, a lower LTV will decrease the risk of the project for you so it's a good buffer to have on your first deal

Because you have to keep the same taxpayer as owner from the relinquished property to the replacement property I'd worry that the legal protection you'd want for a development TIC won't be there.DSTs have high fee but probably are the best path forward for someone who wants to be fully passive and avoid legal risk.

My agent is shopping for a new policy but so far multiple underwriters are refusing to write policies for the same issue.

thank you for the input. we actually have 20 years of experience. are you saying that after we have experience with the company? 

The house has now been appraised at $265,000 market value. 1908 sqft. 

What are the trends showing in the 78747 area?