What is the nature of the LLC?

Since the water supply of the town could never go up there with the frankly primitive water infrastructure of the time, the land was worthless for housing, although it commanded fantastic sunset views of the Gulf of Corinth.But the guy claimed that he had found a natural artesian spring on the land, and that's the land what he was selling.

I may be misreading this, but from my experience of human nature and working with teenagers, if you see this young man as a "punk" or "jerk" and treat him like one, he'll fulfill that role.

- well it all depends on the nature of the LLC that you have a membership in. 

This seems like an assumption or a resilience to ask them (which is totally natural).

It depends on if IRS considers you an investor or trader. they look at different factors, I pulled court cases where they looked at these:(1) the taxpayer's investment intent; (2) the nature of the income to be derived from the activity; and (3) the frequency, extent, and regularity of the taxpayer's securities transactions (Kay; Mayer; and Moller)  A taxpayer is a securities trader only when both of the following are true: (1) the taxpayer's trading activity is substantial; and (2) the taxpayer seeks to profit from short-term swings in the daily market movement, rather than to profit from the long-term holding of investments. 

Growing from 2-4units to larger building is natural progress, i don't thing is "biting off more than I can chew?"

@Greg Horowitz  naturally if the property is older and not rehabbed you will have higher maintenance.

What is the nature of the work?

Reality would have proven the need beyond the shadow of a doubt.I believe the protection of a LLC is primarily physiological in nature.