I would agree if we were talking about financial statements, but as I understand it, we are talking about tax basis reports.For tax purposes, one can use a modified cash basis when filing.

Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.

Despenas LLC aka SDIRA Wealth aka Modern Day Living Real Estate LLC are all scam companies that inflate housing prices in the neighborhood only to sell eviction-prone extremely damaged homes with no intent to perform the agreed-upon inspection repairs and send you through multiple corporate hoops after purchase only to completely ignore you immediately after the sale.

Congrats on achieving a comfortable financial situation.Condos are actually riskier than single family rentals. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

They don't seem to realize that this is a financial organization. 

I have a vision of building and developing mobile home communities in upstate NY that are vertically integrated to allow future members to choose from a catalog of homes, have them installed, provide them with financing options, and make the process of selecting, buying, and living in the community very smooth.Since this is my first time doing this, I would love to chat with an experienced mobile home developer on the following items:Zoning - navigating the zoning process to allow the community to be allowedStart up costs - I am a finance person who would love to better understand start up costs - septic / electrical / water / pads / roads / etcOn Going Maint Costs - in building our business case, I want to build a conservative financial model to capture all re-occurring expenses - utilities, landscaping, capex, septic clean out, etc.I know this is a lot, but would greatly appreciate talking to someone who is an expert in this asset class!

That's why I am a big fan of financially having a base and knowing what you are buying.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.