It is great to be thinking long-term with your planning, that will serve you well!

It sounded great for podcasts, but I would have been better served with smaller buildings in better areas. 

An LLC serves as a way of holding the property to limit recourse or claims against the property to the LLC and what it holds.  

It seems like an outstanding program dealing with operational/management barriers, which keeps it from being a true value add to the community it attempts to serve. 

You'd be best served by talking to a demolition and haul-off company or a building site-prep company, both of which should have the ability to connect you with a company that scrapes lots like you're wanting if they don't do so themselves.

There's no way of knowing if they intend to become squatters so due diligence requires serving a notice to quit and following up with eviction to avoid prolonged vacancy. 

Idea with LLCs is as a liability shield since any income gets passed-thru according to the operating agreement.A LLC serves to limit recourse on claims against the property to the LLC assets so  you're not putting the rest of your fortune at risk (hence LLC = limited liability).Think putting everything in ONE LLC defeats their purpose.AM NOT A LAWYER SO DO NOT ACT IN RELIANCE ON WHAT I SAY.

Not only does this serve as a sector of the economy by serving as a source of revenue to the city and its businesses, but it also draws people to want to live here.All that is to say, we ended 2020 with 0.4 months of inventory (4-6 months is considered balanced) which is incredibly low.

My initial plan is to try to flip a couple of very small houses upcoming rural areas in Kentucky that I will finance outright with my own money, then use the income to serve as my reserves for rental property investments. 

When fully executed by ALL parties to it, due diligence is triggered, followed by a P&S, which, when signed by ALL parties to it replaces and extinguishes the written offer.In Maine, we go straight to P&S, which also serves as the offer and triggers due diligence when signed by ALL parties.So in this NJ case, regardless of local customs, an unsigned offer or proposal cannot be interpreted as a binding contract.