His dad doesn't own any vehicle.  

LLC is a tax vehicle Not an asset protection vehicle for single members and or family type lLCs at least from what I see.

Love that you are learning more about the investment vehicle and that you are moving onto step two where you are working your investment criteria as well as networking with sponsors alike.

Finance was a combination of a few different vehicles and ultimately ended with a HELOC which was then used to fund multiple other projects over the years.

If you want to be completely self-sufficient, you're willing to build an Earthbag home or another building that can be earthquake proofed but can still be run without public utilities, you can spend a ton of money on a well and can have that well water processed to remove contaminated mine crap, you have a great off-road vehicle and you can figure out how to deal with the flooding without redirecting that water onto someone else's land then you can definitely live there.If it's an Investment you're after, give that up.

Yes, I learned through the BP podcasts that these vehicles are out there. 

Deal makers-  development potential, vehicles per day, road ingress egress off highway, signage potential, multiple road accesses, value add potential- housing- trees, boulders, ponds, walkout, views, right side of town, power-line right of ways, etc6.  

Unless of course they were using a SEC vehicle that allowed a certain amount of non accredited. 

If I am buying an investment vehicle that I know is going to depreciate, then it doesn't matter what the market does.

I ended up having about 10 abandoned vehicles / RV's (some looked like meth labs...think Breaking Bad).What made you interested in investing in this type of deal?