Hello all,My name is Kent Faver and I work in the general southeast Texas area as a certified appraiser and consultant.

Your girlfriend should consult her attorney to discuss her options.

Check with a local commercial real estate broker to provide you with insight and a referral to a construction management consultant who can provide you with additional info on plans, entitlements, engineering, construction costs, etc.

Different approaches work for different people.Another approach that might work for you is to take a consultant's approach to the material.

However, a mentor that wants to charge is not really a mentor, you might consider him a consultant, but definately not a mentor.

I'd be happy to talk to you for information, consultation and brokerage.

Please consult your own attorney.

Blake, depreciation recapture would only take place upon the sale of the investment in a non 1031 transfer.As for how it would affect you personally, you should consult a competant RE accountant.

Update, consultation with the title attorney went great!

When we put our Down Payment Assistance program together, we consulted with them to ensure that our understanding regarding the First Time Home Buyer Tax Credit was correct and that it could be utilized legally to obtain the First Time Home Buyer Tax Credit.