We have a normal REI business with this 4-plex on the side and it takes some juggling. 

As I've been learning, there are the key taxes to understand when investing into a new area or state:- State business income tax (if you have an LLC)- State personal income tax (if they want to tax you too, even as an out-of-state investor)- City personal or business income taxes- Any registration fees due the city/state- City/state property taxesAnd I'm sure more!

Yes you can use the cash out proceeds to payoff a mortgage balance for an investment property since it is still qualified as business purpose use. 

Thoroughly research the industry, field, business you’re interested in to see if there’s a “niche”, unique approach, unserved customer base, or anything similar that can be exploited to earn income 3 standard deviations above the mean.

Austin is overbuilt I wouldn't touch development there. happy to connect I'm licensed in both states of Ohio and Florida and we look at development and ground up construction deals in both.

LLC's are more used by larger investors and people who do not qualify under their personal names and have to ue business purpose loans and they require the property be in an LLC and not an individual.

Columbus urban core ground up construction is on fire and the numbers work much better than existing inventory happy to discuss with you 

Precast concrete is a low margin business overall but seeing as this is very special, it would be more that simple stock tanks and the like.I would go for in-ground all the way.

We are embarking on a construction project to build a 6 units onto a piece of land(30 yr fixed loan).  

RE is not a magical business that prints money no matter what.