If you are not sure regarding notice wording, consult an attorney.

Happy to share details about the unit if you're in the Oakland area and want to consult. :) Thanks for all advice!

I'll probably end up having to consult with an attorney to see if this doable.

I am trying to find someone who I can consult about the HOA coverage for Townhome fire damage..

Desire to remote monitor and submit monthly billing to each tenant. 

I have been monitoring and researching the Tax deed process in Texas for the last 6 months.

Obviously, consult with your CPA.

You need first to verify they are okay with this.You must be very careful since if any investors are "passive," it becomes a syndication, and then you must consult an SEC attorney.It sounds like your investors will pool their funds together (they probably will create one LLC) and become a 2nd position lender.

I have provided a brief summary, for a wider description you can consult google etc.

@J Shoe I will start by saying consult with a personal attorney and CPA (and have them work together.)Typically people buy in an LLC just to keep their name off the record and for asset protection and operation agreements.As a sole investor a lot of people will buy in their personal name so they can more easily obtain quality financing, and then move the asset into the LLC.A lot of people of California use trusts (DSTs) to hold the asset, so they are not contributing to the problem of over taxation in CA, as CA has a franchise filing fee of $800 every year for each LLC.Just some things to think about, but find the professionals that can tailor a system for you personally.Cheers