There is a way to publicly solicit to private investors as long as they are accredited investors:The SEC voted to adopt amendments to Regulation D under the Securities Act to add new Rule 506(c).

So as far as I know you cannot change the splits over time without filling an amendment to your LLC with the Secretary of State every time you want to update it.That being said, you can give whatever splits you want regardless of what is in the LLC docs. 

If you don't qualify you can amend your taxes now and then re apply in a couple of months. 

I am licensed in the state of Virginia and take continuing education courses to stay abreast of industry changes, fair housing laws, and landlord-tenant act amendments. 

Specifically, according to Kevin Birmingham, Transaction Issues Chairman for the California Association of Realtors®, the Board of Directors voted to amend AB 2039 (Muratsuchi) to prohibit the use of so-called “shill” bidders working for an auction company, so stay tuned.Other BP forum postshttp://www.biggerpockets.com/forums/311/topics/177...http://www.biggerpockets.com/forums/81/topics/1115...http://www.biggerpockets.com/forums/67/topics/1793...

Note this recent change in Colorado statute regarding seller financing and Loan Originator Licensing:Exemption for Seller Financed Transactions Amended"Colorado recently amended the exemption provisions under the Mortgage Loan Originator Licensing and Mortgage Company Registration Act (Act), with respect to seller financed transactions.

Mexico has amended their constitution 3 times in the last 100 years related to property ownership. 

If yes do you have all the amendments? 

An executive order written by the President today will now enforce the provisions of Dodd-Frank on rental properties as well as owner-financed properties. All landlords will have to become licensed and will have t...

Karen - After 10 minutes, you can add an amendment to ANY forum post that you've made, where you can do exactly what you're talking about.