I always choose or reject applicants based on my personal standards and prefer not to complicate the process by allowing any applicant special privileges.

@Sendhil Krishnan @Dave Foster  Dave I have seen this many times over the last 30 years.unless they thought this threw up front I suspect this is inventory and they are in the business of creating lots to sell to builders and subject to ordinary income and the managing members are privileged to pay SET as well.I would think like you said the only out for him is to sell his % to someone one time and exit.Many times when I buy plats this is the case.. the seller won't record the platt for tax reasons IE they don't want to create inventory and by recording the platt boom its inventory..

I would be privileged to speak and learn from someone who has wholesaled, fix and flipped, or buy and hold these properties.

@Ned Carey Do you know if the county office would provide the deadline date or is that privileged info?

You will have very dissatisfied clients - no one likes being neglected and held hostage then being charged for the privilege.

Just determination, focus, and a lot of work.Also, and I don't toot my own horn very often, but I feel there are some REALLY good nuggets of info in this thread: I quit my CPA Job to Buy Large Apartment BuildingsFinally I had the privilege of doing a BP Podcast that will air on August 13, 2015 so keep an eye out for the link and I hope you will be able to listen in and learn a thing or too.

Each property has a separate account identified by the street name and unique bank account number.Tenant receives a one-page rental addendum with that bank account # as well as closest branch address, banking hours and phone number.Tenant pays in branch into "deposit only" account privileges.

Of course, we didn't have client privilege either so we had to be careful on what we learned.

Thanks for the feedback and sorry for the delay....and it's a privilege to serve...I'm sure @Bryan C. can attest to that!

Perhaps you can have a special rate for week-long parking and a special rate for month-long parking with in and out privileges if they were to get a sticker in their window or something along that line.