I think it’d be really cool to take a piece of land, envision a development and make the vision come to life.

Obviously that person does not have your best interest at heart. 

With no experience and not crazy strong personal finances to pledge to the bank/lender, its doubtful many banks/lenders will provide the construction loan on a spec build. 

First someone new will be living with you and that requires adjustments.Second it's not just someone, but rather it's your in-laws which can bring stress to any marriage good and bad.Third your introducing a money factor into a highly personal relationships. 

I was wondering how you have filled your W9 if you have a single member LLC (which is considered a disregarded entity) and ensure payments go to your LLC and not your personal name? 

He has been working on properties his whole life so he’s a great resource and partner on getting the work done but as this is my first purchase and reno, I am looking for a few suggestions on finishes so I can finish working out my numbers.The house was bought from a local investor who seems to have run out of money and was offloading about 3-5 properties in my area.

However, I've only heard of one person getting shut down, likely because they were not running it well and the tenants complained to the city. 

Hey Patience, I would personally get a loan and buy as many properties as I comfortably could.

Given this new law it concerns me as a buyer and I want to know if agent fees can be written off whether through a personal deal or through an LLC.

Hey folks, so this morning one of my colleagues posted (from another person) some reasons why sec 8 can be very difficult.