Your attorney’s paralegal will be your biggest asset.

But you will act as the operator/manager of the lifecycle of the asset. 

Obviously a hard pull will place an inquiry on your report which is counter productive if you plan on making a financial move based on credit in the near future.

After completion working with your accountant you dissolve the LLC and distribute the assets to the former members. 

Fear Is just an emotion like being sad or happy, fear is not real it’s a product of your own thoughts, fear is a choice not a danger.

(I get asked that a lot, and when down in so cal there was no rhyme or reason to pricing, and land was so hard to find) you can use formulas when the product is under certain values but when the homes go way up in value that all changes.especially in CA.. were you may pay 2 mil for a bare lot in Palo alto spend 600k building a nice 2500 sq ft home and selling it for 4 million ... % does not work.in our production stuff like we do in Oregon  were the end product is now in the 450 to 500k range  1/4 to 1/5 is what you need for land cost to keep your margin at 15% of gross or there abouts.. but many builders are only making 5 to 10% of gross if that , depending on where they get their construction money.our Gresham project Lennar offered me 130k per finished lot  and we are selling houses right at 450k.. so they were paying top dollar but they build 400 plus houses a year in this market so their margins are much tighter and they are not carrying ANY dirt or land.. they only buy when they can go vertical GENERALLY speaking as I say this they have just gone into contract of a few parcels next to one I am in process of developing 160 lots on.. but basically that's how it works.

Not saying anything is wrong with either, but if it is low balling an asset (say 75K on a 100K priced property day 1 on market).

@Craig Poskus Publication 527 doesn't help much on this because there are no bright line tests for what qualifies as a 5 year asset or a 27.5 year asset.

The so called Gurus in this industry are typically Information Sellers.....they have info (either general or specific) that they may, or may not have written themselves and they sell that Information in the form of a product (books, downloads, seminars, etc).

.* [By Lenders, I would suggest: Asset-based, portfolio (commercial-type) Lenders].