It is super important that you are very knowledgeable about your state landlord and tenant laws, to best prepare yourself for how to conduct your communications, and the essential do's and dont's that will save you in legal fee's if there is a simple mistake made. 

It's legal for passive investors to have voting rights and power in the deal. 

There are a ton of resources here on the forum so I would read up.Next you want to make sure STRs are legal in your area.

They have legal counsel already so I know they have had some guidance already which is why it’s empty.Thanks, appreciate any thoughts.

This is a new underwriting guideline of the insurance companies because they haven’t been profitable and must raise the rates and lower the risk factors in order to comply with state regulations on adequate reserves and future solvency.  

Within those detailed reviews, we have accumulated a long list of legal entities and people who have received funds that don't seem to align with the business of Mobile Homes.

Of course I keep entities separate in all legal and financial aspects. 

I also reduced a lot of the soft expenses (office, accounting/legal).

The not normal properties such as those with no legal easement to access get redeemed at a much lower rate than normal properties.   

@Jordan Ryan I highly suggest teaming up with a broker who you'd want to build a relationship with and truly understands the ins and outs of different underwriting guidelines for fix & flip and DSCR loans.