It's the same reason people gamble.

Being an entrepreneur is primarily a role of knowing your strengths and recognizing your holes, then filling in people for those holes.Most all investment managers start with partnerships of two or three people that have complimentary skill sets, relationships, etc.  

So in reality the IRS already recognizes you and your wife as the tax payer and exchanger (becuase of the joint tax return reporting the activity of the property).Here are your options to purchase1.

It should encourage a free economy with respect to residential housing recognizing that large profits would encourage competition/development.  

Having witnessed firsthand the pitfalls of hasty investments based on vague information, I recognize that this journey isn’t as straightforward as it seems. 

California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.

On one document I received it states: "The individual (applicant) is mentally competent but due to age or physical infirmity is unable to manage his or her property and affairs effectively and, recognizing this disability, has requested a conservator's appointment"It also states the conservator is: "conservator of all assets of the individual's estate".What I'm wondering is do I need the conservator to also be the co-signer on the lease?

However, it’s time we start recognizing them for what they truly are: an affordable housing option for those who want to live independently on a budget.Rooming houses provide a vital solution in today's housing market, offering flexibility and affordability.

Recognizing its potential, we quickly negotiated a purchase price of $284,000.

I would highly recommend bringing in an advisor or broker with specific experience and knowledge in this asset class.I have seen many of these parks trade hands on a handshake and a dream, however, you could be taking a huge gamble if you don't get microscopic on the front end.