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

You’ll still need to have adequate reserves to show that you can make the monthly payments.

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

Those seem like adequate precautions, but to be extra cautious, I would recommend you do research on the steps your state requires you to do.

The management simply wants to provide adequate parking for all tenants.

Aside from that, you're assuming risk unless you have an attorney you've consulted and have a contract that offers you adequate protection.In your situation, I'd be sure to vet the buyer very carefully- confirm everything with his lender...using FHA requires jumping through a lot of hoops...you want to make sure the buyer is qualified before tying up your property for 45-days and he can't perform...If you are comfortable with everything, just execute the contract and send it to your title company to start the title search- along with any earnest money (if there is any).

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?"

That is old- did you also include adequate capex up front? 

What is the nature of the work?