ACCEPTANCE: This instrument will become a binding contract when accepted by the Seller and signed by both Buyer and Seller.

While this might be true if you're located in Delaware or Illinois, substantial uncertainty exists as to whether the subsidiary LLCs within a series LLC are truly separate judicial entities, or merely financial instruments.

She has been instrumental in furthering my education in REI by giving me the real-life, hands-on experience that accompanies this field that the books just can't teach you.

@Steven HuYep, that's correct.They're really just different asset classes.Our liquidity fund is backed primarily by 1st mortgages (which are backed by hard real estate), whereas a bond fund is backed by debt instruments.

—as security for a loan, the borrower has a contingent liability.The lender is not required to include this contingent liability as part of the borrower’s recurring monthly debt obligations provided the lender obtains a copy of the applicable loan instrument that shows the borrower’s financial asset as collateral for the loan.

Sell and 1031 and go into a passive instrument like a TIC.  

As such, the debt-instrument needs to be non-recourse (no personal guarantee from you).  

Unfortunately, local government seems to only have blunt instruments at their disposal to address the situation.

The index was created by other psychologists so I do not take credit for the psychological instrument.

Where it gets sticky is that he may need/want a recordable debt instrument to protect himself in addition to stipulations in the operating agreements.Getting to the valuation should be straight forward and of paramount interest to you.