With respect to the substance of the governing instrument, the Act sets forth a broad framework for the creation and operation of Delaware Statutory Trusts.

that must be an Illinois law.The problem with seminars is that they give you generalized advice, the problem with generalized advice is that, it works well 70% of the time.... looks like you are the 30%The protection that the LLC gives you is liability protection of your personal assets, so if someone was hurt in your flat and there was a fault or negligence in the building, they would sue the owner (the LLC), the LLC's insurance would pay that bill, but if the damage was for more than the insurance, the harmed party would get the flat (or the whole ownership of the LLC) and you would walk away with your home and 401K intact.

I currently work as a substance use & mental health counselor in Los Angeles. 

Definitely a substance at work when this "professional" was designing it haha

Don't purchase anything older than a home built from June 15,, 1976 or before and even then be very careful about investing in any MH built in even the late 70's as many used a number of caustic (formaldehyde) and carcinogenic (asbestos) chemicals and substances until the laws changed in '79-'80.Additionally, if the home has ever been moved from it's original situs (one site to another except from the manufacturers and/or dealers retail lot) as conventional financing would be very difficult to come by.

I don't see any harm in asking.

And it's best to spell out all scenarios and what to do in those scenarios in WRITING while everything is hunky dory with your personal relationship).What happens if one of you dies, if one of you loses interest in RE investing and wants out, if one of you develops a substance abuse problem and can no longer be reliable as a member, if one of you gets arrested for a crime that carries a significant sentence, if one of you becomes disabled, if one of you defaults, etc.

While power was off, anybody could come along and tamper with things without themselves being harmed, weather could have caused insulation to deteriorate on the service feed cable, etc.

If this post sounds like it's lacking not substance that's because I have no clue on what I'm doing.

I would like the conversation to steer away from identifying which or whose course you took but rather deal more with the actual substance of the course.