We sized up the situation - unit could not be re-rented w/o a substantial renovation - and agreed to the 24-months of frozen rent in exchange for a further reduction in the sale price by the amount of 24-months rent at market rate.  

So you wouldn't be re-registering with an investment sponsor. 

The information contained in this post is not to be relied upon. 

This place is a wealth of information and I do appreciate those that post here that have the experience and knowledge that can be relied upon.

You run a big risk that the gas lines go bad and the park has to be re-piped.  

Hopefully Obama is a member. I

So...........She will (hypothetically, of course) make 50-60K in her first year doing this (all by herself) , and put it right back into the ira to be re-invested.

I will always have work and there will always be homes that need to be re-habbed.

I cannot provide advice that can be relied upon without having all details relating to your unique tax situation.

Firstly, if members are given voting rights and major decisions such as buying and selling property or taking on debt are decided by vote while the managing member is responsible for the day to day administration of the business my understanding is that the interest in the LLC would not be considered a security.