The other 2 LLC's are bring resources to a project that we are working on.

Hi all,Recently purchased a multi and one of the first projects I’m planning is converting the property from oil to nat gas heating (there is nat gas going to the house already for water heaters).

I have a few summer projects I need to have done on a 4-plex and a duplex.

I recently purchased my first flip project.

My question is is this a terrible deal to get involved in mold is it too big of a problems to tackle? 

Partnerships can be awesome cause they allow you to do bigger projects and more projects but keep in mind that while you might get 50% of the massive profits your also carrying 50% of the risk and debt that it takes to go after the bigger payouts.

I shouldn't be posting because you asked "for feedback from active investors",  and I am on the sidelines with non-residential projects at the moment.

Better to use that option at the beginning of the project vs refi'ing into one but it is an option. 

There also no income tax, reasonable property tax, and I also have a very bullish outlook on the Jax market due to the new development projects currently underway and the planned Shad Khan shipyard/entertainment district. 

Post # 6 on my duplex construction project.