HELOCs are generally provided to properties that are held in the owner's personal name.Are your family members not interested in refinancing the property?

I'm an independent agency owner that represents both Foremost and Obie.  

Eventually people die off and the homes go up for sale cheap, get abandoned and the park owner picks em up cheap and takes in the extra little bit of cash for the POH rental. 

What I can also tell you is that as an owner in NY, the landlord laws are very much designed to protect a tenant as opposed to here in Detroit where the laws are designed more fairly to protect both the tenant and the landlord.

I have a few questions- "We started an LLC" "We purchased a property" Who are the legal owners of the LLC? 

I do appreciate you taking the time to respond regardless.The IRS specifically calls out owner distance from rental and having a property manager as a red flag that owner isn't materially participating.

I would also INSIST that the seller have independent legal representation before I entered into a contract with an owner occupant.  

When 2 owners own a property and they cannot agree on what to do with it.

What I am trying to better understand is at what pointy that restaurant owner able to either delegate or reposition so he / she doesn’t have to the restaurant every day. do they need to obtain more restaurants or keep offering more to their current customers?

Yes I have known it to work because the owner is not a push over, enforces policy and can make it run good......however, do you have the right personality to do this, AND if you move out can you continue to have the house run smoothly with no one in charge.