I WANT to do this, but have little idea about how to structure it as well as being unsure about which attorney to connect with. 

I've also noticed West Ashley / Johns Island struggles to reach the 1% rule.Are others seeing this as well or should I find an agent who is in the loop w/ off-market opportunities?

This strategy allows you to continue building your portfolio without immediate tax consequences.Long-Term Strategy ConsiderationsFinancial Goals: Determine your 20-30 year financial goals.

Have you checked zoning to verify this type of facility is allowed?

The real answer is It depends, without more info.It is well worth getting things set up on the front end.

My seller seems amenable to my giving them 20% down which i have and the balance due in 120 - 150 days. 

First I was told that the unit was listed as for sale and that Zillow does not allow a for sale and a for rent listing for the same address.

We did not fund the last few million of the raise, so we are allowing the final slots to come in at up to 20% APR, fixed annual simple deferred return (deferred means you get all of your interest earnings at the end when we repay your principal – and that happens when we finish building and then sell the apartment complex).This asset is our safest MF asset, in my opinion, BECAUSE the project is backed not just by our equity in the apartments – but by our equity in the entire 54-acre land development.

If not, in many instances it does not end well: while hope everything goes good forever - always good to have a what if plan just in case

This will bring you to the spreadsheet as well as the video on how to use it.