@Michael Stoltey You clearly don’t understand how REIT’s work, the high quality blue chip REIT’s have excellent corporate governance and are very aligned with the shareholders and are not just paid for fund size.

The shareholders will get dividends out of the cashflow that we generate which is a 10 - 14% return. 

You can consult with an estate planning and/or bankruptcy attorney to determine whether you can structure your assets in a way that will further shield you from liability for business obligations.In corporate law, shareholders who mix personal assets with corporate assets can sometimes be held personally liable as the “alter ego” of the corporation.

Some companies have similar clauses, with the company or its current shareholders having a first right of refusal, and then the exiting partner can sell to external investors interested. 

It aims to encourage small business growth and development by streamlining the process of going public and easing limitations on the number of non-accredited shareholders an eligible offering can have.

Ok I would just clarify "control" do you mean "manage" or "is the sole shareholder"?

I have tried to engage them as investment partners and shareholders in the property, but they do not share my long term vision of creating a legacy for our own heirs.

And not only do banks know this...so do shareholders. 

Specifically, losses are limited first by your shareholder basis, next by the at-risk requirements, and finally by the passive activity limits. 

We were sued once in the corporate name, then they tried to get the names of all of the shareholders.