This lender took already there sweet time, more than 2 months to get to this stage and hate to start with a new one to reduce a nominal fee or 2.

Once people obtain a higher net worth they typically move away from risk and headache in exchange for less nominal returns.

For the sake of clarity, let's assume they do not live in my state.We are "equal" partners in the company and are treating as an S-corp for taxation purposes.I'll take a nominal salary as the President, they'll take one as the CFO.

@Angela DeBorja Yes, your Lawyer will handle all of that for you for a nominal charge.

(I nominate Austin to the REI Hall of Fame; his story is more impressive than Rich Dad, Poor Dad)

The difference in monthly cost for my 5 units ($9 for TC vs $35 for RD) is nominal, but if I scale up, then it starts to make a difference.  

@Tony GunterYes if you build a model for offering on a park owned home park:(home rent $) x number of homes paying x 12 x 0.5 (50% expense ratio, but can be as high as 0.4 for 60% expense ratio) + $3k +/- nominal value of the typically older homes x # of homes  / 0.1 (10% cap rate) but for 100% park owned buyers need to ask for a higher cap rate than just 10%.  

Inflation is 4% because of all them Donny Bucks getting printed and all returns are nominal  and annual unless otherwise stated. 

One shouldn't just look at percentages and nominal numbers are important, too.

If a tenant is renewing a lease then the property management company will charge a nominal fee of $100-300."