I have come across this a few times, it lists "public administrator" as the executor in probate records.

What about when there are attorneys representing the administrator/executor/executrix?

With that being said, my Master's Degree is in Public Administration and Business Management.

You'll have to find an account administrator who offers self-directed accounts. 

Daniel, need to check with your fund administrator with respect to related transactions if you are partnering on deals.Next, yes, expenses should be allocated to the property specifically as that reflects changes in your basis and income from that activity. 

Details seemed odd to me and decided to bring this area of lending or borrowing up for some discussion.THE REAL SECRETS IN LENDING:There are none as to the functions, documents, processing, underwriting, settlements, administration or collections nor to any legal aspects.

Unfortunately, while their objectives are pretty good, the main problem I see at this point is that you have individuals on the board or that have become mayor and think that because they hold this position of administration that it somehow provides them the knowledge to make real estate development decisions.  

He continues paying the loan and the is no foreclosure issue, he owns the property administratively under the Operating Agreement.

But here is my gut reaction:1) Sounds like yet another opportunity for unnecessary administrative expenses and possible corruption.2) ABSOLUTELY!!! 

I am an administrative professional with 10 years experience.