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 website for all to see.

If you are confident that this developer can complete the project on time and budget, while also delivering a product (condos) that consumers in this market want, then your big two risks are handled.Now specifically on this deal: Based on the little info you mentioned, these are about $1.5mm condos.  

What was the outcome?

It is the definition of insanity (keep doing the same thing over and over and expecting a different outcome). 

., rent, expenses, interest rates) affect financial model outcomes.12.Operating Pro Forma: A projection of a property’s income and expenses over a specified period, typically used for budgeting and financial analysis.13.Cash Flow Waterfall: A structured distribution of cash flows to different stakeholders in a real estate project, often involving equity investors, lenders, and developers.14.Leverage: The use of borrowed funds (e.g., a mortgage) to finance a real estate investment, potentially amplifying returns but also increasing risk.15.Equity Investment: The amount of money invested by equity partners or investors in a real estate project. 16.

I was thinking of it similarly, but without the specific calculations to go off, so that's really helpful.Your #'s are surprisingly accurate - $9k/yr principle paydown and with pool maintenance (I thought I should pay this too, so thank you for confirming), the cash flow isn't great. 

It'll be necessary to talk to professionals familiar with YOUR specific tax situation in order to address the pros and cons of using an S-Corp.

The more specific you can be about the problem you are trying to solve, the better response you will get.

Know who are you targeting, what's nearby that will draw these people to your rental specifically.

I am not advocating you go out and buy because I don't know your specific financial situation in detail.