I have REPS by actively and materially participating in my rental property portfolio, and also work as a real estate broker full time (1099 collecting commissions through a single member/purpose LLC) from buildings I sell.My losses from my rental properties (LLC #A) largely offset any federal and state taxes from my brokerage business (LLC #B).

I hope others have the courage to provide comprehensive reviews of Brokers, Sponsors, Capital Raisers, etc. as there are many to choose from, but very few reviews even after years of in the business. 

@Joshua ChristensenI agree with you that brokers are not experts in zoning, but this broker should have told his client to go to the zoning department to verify.

First, and i don't know why nobody else is catching this, you MUST go directly to your broker, sit down and discuss all this with them. 

Call a local bank or broker in your area.

I am also a broker and own a PM company.

@Iris Olivas Most local banks/credit unions can do this deal with lower fees and potentially rates than brokers.

I wouldn't be adverse to getting licensed, since I am sure the education would be worthwhile, but I have a question regarding brokers.  

All real estate activities you engage in ad a licensee are subject to your broker supervision, and fall under the regulatory rules of your state's real estate commission or department of licensure.

An attorney friend of mine owned just such and park, and was impressed that she knew more about RV parks in Texas than any broker he spoke to.