The parents can gift certain membership interests while still retaining control, or they can gift all membership interests.

You will have little control over their fees, etc.

You may not want to evict however at this time your tenant controls the property. 

However... the trouble is with many folks out there is that it's tough to get a part time job outside of your full time job.. plus it's tough to figure out what you can do... and how to do it...That is precisely why I decided to execute Jeff's formula in action.... 

So his idea is,  you either own real estate conventionally thru fee simple ownership, or control real estate thru NNN.These leases appeal to owners who had properties for a very long time, unable or unwilling to sell because of capital gain reasons, too old to manage the properties, yet want to hand them over to heirs.

I find them to have many advantages in diversifying my retirement portfolio, and I enjoy the control that comes with being able to choose my investments.

In order to save money and have more control over my projects I was thinking about taking a carpentry course so I can learn how to do some of the work on my own renovations when the time comes.

CA is out of control. 

You could potentially still own 49% of the property and sell to an investment company that has 51% control but I would need to verify this

You will own and control this content forever.