The engagement should also cost less than the NPV tax savings allowing you to benefit from the service.Do not try to set these entities up or undertake tax strategies without first consulting a CPA.

You have plenty of time on your hands so you can undertake any project, be it flipping, or managing rental property.  

It's quite an undertaking for it to be successful, and takes a lot of organization and planning.

@Deborah Cavallaro 1K sounds about right for the assessment, with this big undertaking, I would not get details until I am sure it will pan out.

@Rodney Buford First of all, props for being an awesome dad and undertaking this rewarding type of project.

I would like to own it, but comfortable with just doing a wholesale deal if I'm not prepared financially to undertake it all.

With only 5000 in liquid savings I would look to increase cash flow and savings before undertaking a new construction.

It was an extremely tedious and massive undertaking for a first time builder, but we made it through and still managed a decent profit!!

It is a big undertaking but it can be easy if you have the right team.

If you are remarketing it as a potential residential house but its zoned as a commercial lot you are going to have obstacles to undertake and the town may say no to your idea.Not saying you cant make money with them, you can just be aware of the twists and turns and know the right questions to ask.Hank Arlington Funding Solutions