Thanks for the brilliant and practical way to get the best of both worlds!

And those 'probably my forms they're selling back to me ' are quite useful and actually have like that "law" stuff in them that protects people.

Now I am practicing patience!

I am looking to connect with a CPA in the Buffalo, NY area that specializes in the tax laws and strategies relating to real estate. 

Brother-in-law's son3, Brother-in law's friendTo get it in writing as you advised, is that three leases, one for each person?

I would think that since the father-in-law would probably make more profit on getting 23% of the net profit over the interest on the 70K even at a hard money rate it would be best to do what benefits the father-in-law more.

While you can’t fully predict interest rate trends, you should pay attention to the Federal Reserve if you want to get an idea on those trends over the coming years.With the new tax laws, using a HELOC for that purpose is no longer eligible for a tax break.

More specifically I watched 180 law group LLC.

Building would be worth upwards of 20mill + 2. the property i own that is in the middle and the best lot for the project used to have a house on it, but we demolished that and it is only land value now.. practically free and clear.. banks i've spoken with will not loan me money on the land. 3. the costs to get the plans can't cost too much considering the value of the project... not trying to update anything, but want to tear down and either build or sell. 4. plans and permits could take 3-6mo ?

I reached out to my RE attorney who suggested I contact a law firm that deals specifically with partnership agreements.