Easier to digest than case law, especially with Brian wanting you only to read one word in the case.  

Seems like they have a nice little cash cow.

Those can be a real cash cow when you move out of your unit.

I can always transfer more if needed.To maintain the Agricultural exemption and extremely favorable tax status, i'd have to run a couple of cows on the property and let them graze. 

Plus renting out the few mobile homes.Oh, yea and he ranches cows on the rest

The property will rent for about $1,350 and the total of the monthly payments are about $1,000.It's clearly not a cash cow, but the equity is building rapidly because of the age of the mortgage.Has anybody done this before?

You should look into Series-LLC and see if that's an option for you - then you don't need to worry about this question, as you can place a property in its own children Series-LLC that you can form when needed.As for distribution, you can have one or more per LLC, and that depends on multiple factors:- property class - you might not want to mix A class property with a D class property in the same LLC, due to different tenant level- cash flow - you might want to keep your cash flow cow separate from the ones that barely produce- equity - you might want to keep the one with large equity in its own LLC while you can group the ones with little equity in another LLC (let's say you have one with 50K equity in its own LLC and 3 other each with only 10K in another LLC, till their equity grows to your risk threshold when you move them out in their own LLC).- number of units (in the case of MF)- location of real estateThe investor has to decide what mix is optimal for their situation.

Wow, that’s a lot to digest!  

To me it seems like they have created a genius system to get more out of their workforce: it's like a smart farmer, who get's more milk from happy cows.

These small parks, when run correctly can be cash cows but also fraught with moneypits when maintenance and other issues are not managed well.Twenty means everyone knows everyone and everyone's business.