If you're going to be the only member of the LLC, someone forms an LLC mostly for liability protection but if you have more than one partner then it becomes a useful vehicle having an agreement between the members as to how to run the business and split profits and such. 

To your question about the vehicle: I personally have a paid Toyota Tacoma that I bought for $4K my senior year in college that has been very dependable (I personally have put over 35K miles on it).

Let BP information (podcast, forums, connections) be your fuel and the people in your area be the vehicle.

To wit: We had to teach a local that we didn't consider it OK to chew on twigs and spit them out while in a motor vehicle that you do not own (chewing on twigs from a particular plant being the local equivalent of brushing one's teeth).

Mutifamily is a great investing vehicle and is more easily scaled than SF. 

When he became incapacitated and could no longer visit his unit, approximately 7 years ago, another family member, who had assisted him in maintaining the building, began utilizing the space for storage, vehicle repairs etc.

Both vehicles belong on the scrap heap. 

I have heard that getting funding for MH's is difficult due to them usually being treated as a depreciating vehicle and not as a permanent structure. 

Both vehicles have pros and cons and the optimal portfolio has a combination of both.

The properties are owned by our LLC.Assuming nothing changes from the current tax perspective, what is the "smartest" tax-efficient method of getting this equity out of our investments:1) Cash out refi $1.6m (80% LTV of all the assets) and invest that money in a more liquid (albeit lower return) investment vehicle?