I had the chance to read through some of your contribution son other posts.

The amount of money that each investor can contribute is also limited on the net worth of the individual.Bear in mind that this process takes considerable time and money to develop the legally required structure that will allow you to proceed with a syndication.It is very possible for you to do, but be prepared to take the long road to get there.

Can someone help understand Prepaid & Contribution cost?

All of these -- and lots more -- things will contribute the cost of the renovation. 

Our accountant noted that our STR/LTR income was high in relation to our deductible expenses (and W2 income, on top of that) so he told us to consider having an LLC owned by us as the managing business, paying the Self Employment Income and contributing to a SEP IRA. 

Since it was not on the market too long but the rents are pretty strong in the area we went close to a full list offer at $97,000 with 2% seller contribution while using Hard Money.

Although did that experience growing up contribute to your drive to succeed in real estate?

Say family 1 and family 2 both contribute $1 million to a partnership.

Once you have your community planned out in that way you generally work with a Community Management company who will take all the amenities and services you plan to offer and put together an annual budget based on the costs of operating such a community (not the cost of the construction of the amenities, that is part of the development), the reserve requirements, etc. and they determine an annual fee per lot/home.You would also work with them to determine any initial capital contributions per buyer at the time of closing. 

I have family down there and have heard a lot of good things.Anyway, look forward to connecting and hopefully contributing to the forum.