That way your first project isnt high dollar amounts and less risk to you. 

He included the price of the land and all the work he had done to that point in the amount he was asking in the loan. 

You want tenants screened and ready to occupy the property as soon as the paint dries.Try to segregate Rehab Expenses to as small amounts as possible

It was a nominal amount of 729$...but for the sake of being fair I'm trying to gauge what the collective response would be.I agreed on listing the property for no fee (on the listing side) after repairs but ultimately my partners feel that the money from the buyers commission should be treated as profit to the LLC.  

When you go to Refinance the property to get your cash back the lender will give you a loan amount that is 70% to 75% LTV based on a new appraisal.  

My understanding is that the exception for UBIT in a 401k does not apply if you get a loan where the amount paid in interest, points, etc is somehow dependent on the profit you make in the deal.

So after all is said and done you could: move out now, rent it for two years, sell it in 2020, pocket the amount of capital gain that you'd like to take as tax-free cash (up to the limits mentioned above), and then roll the remaining value in new investments.

After doing some research,  the land is wetlands and generally undevelopable, but will this yield me any equity as my land amount has doubled since the appraisal ? 

I also don't put an enormous amount of time into maintaining the site. 

I think they are legit, and they offer an incredible amount of tools.