If you have not taken the time to recently review your estate plan with your respective attorney, there is no time like the present to do so.

My initial concern was that my land business needed something drastically different than what Left Main was actually built for, and my purchase was a bit of an impulse buy after a slick presentation by their sales team and owner. 

The key will be to present the property’s value, the projected cash flow ($6k-$7k per partner), and the appreciation potential over the next few years.

(SDIRA) An IRA cannot must use a non-recouse loan so they are often talked about in self directed IRAs IRA forums. under the scenerio presented there is no way a bank will do non recourse.. just wont happen. what you can do is rearrange your LLC.. were only on person PG's  the other members each hold less than 20% interest thats the threshold for PG for most all community banks.and you do the PG.. keep in mind LLC's can have uneven ownership and un even profit splits you can have an llc that you own 90% of but you only make 10% of the net profit its not like coroporations were ownership % also equals profit distributions. 

A lot of these properties are still trading at low caps, and they have a lot of deferred maintenance.You're seeing a lot of these older properties being traded now.Gino

If I planned to use the proceeds from the sale of a single property towards the pool, do you know if that would present an issue? 

When we do the lease signing, we present each item as we are reading about the corresponding term.

@Nick Wimmel  - I defer to the experts that have already commented on the South Bend area. 

Perhaps the tenant is using too much TP but reading your follow up posts suggests your home has deferred maintenance issues you’re unwilling to properly repair and only willing to implement duct tape level corrections. 

Both cashflow and appreciation are present here.