Get your lot and plans together and sell shares to people that want to divide the time.

. $50,000 divided by $8400 is 5.9 years.

We have had a divided country since before the Civil War but that should not keep us from coming to the table with an open mind to solve the enourmous chanllenges that face all of us.I have been dissapointed with the blatant misstatement of facts and outright lies that have replaced honest and open debate on the issues.Unless we are able to have open discussion of the issues and shine a light on the hidden ajendas of our politicians I fear that our government will continue to be ineffective.

Scott,Also, it sounds like the lot, due to having frontage on two roads and two sets of utility hookups could be divided or carry two buildings.Ok...

You have to make a divide between the LLC and yourself.

As far as dividing the gas lines - I would be doing that as part of rough in, not after paint :) The utility companies aren't going to hook him up fast during heating season, since the business spikes for them with people saying their heat is out.

@Scott SmithHi Scott,I have a question for you:I own rental properties which are divided in a few LLCs.

Now the IRS's new regulation requires you to divide up your property along the lines of a cost segregation study.

. :) There are some general rules that you can read about here, and then there's some higher-level stuff that is best left for tax professionals.But basically - yes, you will divide your property into personal part and business/rental part, using either sq ft or rooms or some other reasonable method.

My understanding is that when doing a DSCR cashout, the NOI is what is used to calculate the property value, not improvements.The monthly NOI of $620 divided by 1.25 DSCR gives us a monthly debt service capability of $497.