They can get a "charging order" against the LLC, and take any distributions made by the LLC.

Liked it so much he bought the local distributer.

Had a tenant lease space to be used for the distribution and sale of Halloween costumes.

There are distributions made to the members.

If the 'value of your home' which is derived from comparable sales prices, drops by 30%, shouldn't your tax bill?

I'll second the Monday being interesting, the Fannie & Freddie derivatives are being settled that day in an auction-esque manner-could be some people needing to come up with some large cash quick.

You can also do it as an LLC with the investors buying units.Normally in a winding down, lenders come ahead of shareholders/members in the distribution of any remaining funds.

I am worried about the tax implications not being fairly distributed without an LLC.

That will at least ensure you're in line when the money is being distributed.

The information you are requesting can be found in our educational program, "investing out of state or your own backyard" which also includes forms and checklists which are derived from years of experience, mistakes, education, etc.The forms & checklists CD is the one we often give out at Rosie's events as well as other RE events.